Networks benefit from new opportunities with Cheshire Mortgage Corporation

Cheshire Mortgage Corporation has reported a huge upsurge of interest from mortgage networks sourcing specialist lending products that will create new opportunities for their representatives in a challenging market environment. This has resulted in a change to the firm's established distribution channels, as increasing numbers of networks seek to benefit from its innovative products and quality service.

Since the 'credit crunch' Cheshire Mortgage Corporation has been appointed to the lending panels of several mortgage networks including BDS, Exclusive Connections and Mortgage Times. The company reports that talks are currently in progress with a number of other well known networks.

Director of Cheshire Mortgage Corporation, Gary Bailey, commented:

"Current conditions are driving a shift in the prominence of the various distribution channels that we employ for our products.

"At the moment it is easy to understand why membership of a network is looking more attractive to brokers who are faced with the combination of a challenging market and increased regulatory pressures. The benefits of becoming a member, such as compliance support, business development opportunities, access to sourcing systems and unique products - not to mention the possibility of larger commissions - are now worth the price of admission for increasing numbers.

"We are very pleased that we are being given the opportunity to reach brokers via established networks that can provide them with a high quality service. We are confident that having access to our products will help them to complete more business."

Richard Stokes, Director of Product and Lender Development at Mortgage Times, said:

"Cheshire Mortgage Corporation has a unique product offer that is increasingly valuable for networks that aim to offer their representatives access to the whole of the market. There are few lenders remaining that will take clients with unlimited arrears and CCJs, or accept non-standard constructions as security, but there are still potential borrowers out there that meet these criteria. Having access to Cheshire Mortgage Corporation's products is therefore a great help for brokers who want to maximise their conversions."

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