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Brilliant Solutions removes upfront packaging fees from bridging and commercial offering

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  • 25/10/2022
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Brilliant Solutions removes upfront packaging fees from bridging and commercial offering
Specialist mortgage club and distributor Brilliant Solutions has withdrawn upfront packaging fees from its bridging and commercial packaging and brokering activities.

This means that brokers advising and using the company’s packaging services or referring a client will pay no upfront costs.

Previous fees were £295 on application and then one per cent. Now, the only fees charged will be on completion.

The company said this will align with its “low-fee strategy and to remove boundaries between brokers and its team of specialist experts”.

The introduction follows a successful trial and applies to all new enquiries from today.

Michael Craig, sales director of Brilliant Solutions said: “We’ve seen a huge demand for our fees free packaging services as our proposition ensures that the broker has extra support and that neither the broker nor the client is being asked to pay for this enhanced service.

“Today’s change in our bridging and commercial proposition, removing upfront fees, now allows brokers and their clients to get support in these most complicated of areas.”

Matthew Arena (pictured), managing director of Brilliant Solutions added: “This new proposition will deliver better outcomes for clients and importantly, help mortgage advisers and IFAs deliver that to their clients as they see fit and with no obstacles.

“It also comes at a time when obtaining the most appropriate product is as important as ever and advisers and borrowers alike are under significant amounts of pressure. Removing upfront fees makes accessing meaningful specialist advice and support now has one less barrier.”

Brilliant Solutions launched a secured loans brokerage after a successful pilot earlier this year and has been added to the Quantum Mortgages panel.

Brilliants Solutions has also added Molo Finance and Earl Shilton Building Society to its panel.

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