Here are the reasons intermediaries keep coming back to Enterprise
Expert Product Knowledge
Intermediaries rely on us to have the most up to date product information – it means we can get the best deals from our lending partners.
We work for intermediaries rather than in competition with them – so we help you provide compliant, best advice to your clients using products from across the market.
service and support
We believe in building real relationships with intermediaries, so you have a dedicated, field-based contact on hand wherever you are in the UK.
rates and commissions
The large volumes of business we place means we are close to lenders, so we negotiate some of the best commissions and interest rates on behalf of you and your clients.
Why use Enterprise instead of going direct to the lender?
Because of their complex nature, most secured loan products are not available directly to intermediaries. Providers tend to appoint authorised specialist distributors. Using an established specialist distributor such as Enterprise means you get access to the whole range of loan deals. Our large business volumes mean we are close to lenders, so we are offered rates that other providers and intermediaries might not be able to access. We also make your life easier by taking your client’s application from the initial enquiry stage all the way through to payment of the borrowed funds.
What commission do Enterprise pay to intermediaries?
Our long-standing lender relationships and high loan conversion rates means we are able to offer intermediaries some of the best commission rates in the market. The rate depends on the type of product and varies from 1% to 5%.
How do we keep track of a client’s loan application?
Part of our service is to keep you updated on how your client’s application is progressing throughout the different stages of the process. That said, we are only a phone call away.
How long will an application take to complete?
From the initial enquiry to completion, our average turnaround time is three to four weeks for a second charge loan, two to four weeks for bridging loans and six to eight weeks for both commercial mortgages and complex buy-to-lets.
Are our clients safe with Enterprise?
Yes. We understand how important it is for you to give best advice to your clients. And we work hard to mitigate any risk of regulatory comeback. And of course, we have been regulated by the FCA since 2004.
At what point is my client subjected to a credit check?
A credit check is not carried out by Enterprise unless given permission to do so by you or your client. If and when permission is granted, all credit checks carried out are soft and do not leave any footprints until completion, where a hard credit check will be required.