Brilliant Loans Launches. A new secured loans master brokerage that focuses on the mortgage adviser

27 January 2022

Brilliant Solutions, the mortgage club and specialist mortgage packaging business, has announced the launch of Brilliant Loans, a unique home for secured loan advice referrals. Brilliant Loans has been established to enhance the master broker offering in the second charge sector and provide more bespoke support for advisers. The new business will only advise on secured loan products and will accept referrals from qualified mortgage advisers that have already assessed their first charge mortgage options.

Brilliant Loans has been launched to provide better outcomes to clients by ensuring that the secured loan advice process works hand in hand with existing qualified 1st charge mortgage advisers, something that does not always happen in the current market. By only advising on secured loans and only accepting referrals from mortgage advisers that have considered all 1st charge alternatives, Brilliant Loans is well placed to ensure that the end result is the most appropriate solution for the borrower.

The business also operates a low and transparent fee structure and the Brilliant Group also has alternative options for advisers that advise on second charges through it’s packaging and club channel. The business was launched following a successful pilot and the recruitment of a team of experienced secured loan professionals.

Matthew Arena, Managing Director of Brilliant Group said: “We always look to identify gaps in the market where there are inefficiencies that we can improve for intermediaries. The secured loans market is a fantastic opportunity for mortgage advisers to add real value to their clients but advisers are rarely happy referring their clients. The new Brilliant Loans proposition gives mortgage advisers the comfort they need and the process and fee structure are as simple and as client friendly as possible. It will certainly result in better customer outcomes and a broader product offering for those brokers that are involved.

The opportunity to recruit experienced staff in this field has allowed us to deliver something that adds value to the sector. Not only is the proposition focussed on the needs of clients and their existing advisers but it is backed by expertise and a significant software investment.”