21Finance has launched a broker packager service focused on whole-of-market specialist lending.
The specialist mortgage firm says its packages include first and second charge mortgages, bridging and development finance.
The business has trialled the service with brokers over the past twelve months and has “built a stable of lenders across the specialist lending market”.
21Finance head of origination Ranjit Narwal says: “Our experience from talking to brokers is that they enjoy the support they get from packagers but find that when their packager of choice becomes too big, service standards can slip, and their clients suffer.
“21Finance is the answer to the question we are often asked by introducers as to where they can go to receive the kind of comprehensive service that will always be scaled to be consistent in its support for brokers.”
The London-based firm also handles commercial mortgages and personal loans.
Narwal adds: “With Consumer Duty now firmly established, we believe that brokers are going to be asked to justify their recommended choices and be scrutinised more closely than ever.
“Brokers are going to be hard-pressed to complete the kind of due diligence on their lending choices that is going to be required from now on.
“21Finance is designed to facilitate the research process and provide hands-on support for all brokers looking to ensure the best recommendations.”