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The Loans Engine

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The Loans Engine

Great Service Doesn’t Need to be Expensive – that’s the Loans Engine Difference!

The Loans Engine (TLE) are a Specialist Finance Brokerage, offering:

  • Second Charge Mortgages

Second Charge

TLE have made it their quest to improve customer outcomes and take Second Charge Mortgages from niche to mainstream.

  • Low Fee model – £295* Application Fee after DIP
  • Easy to use Quick Quote – six simple questions… try it now
  • Accurate Quotation Sourcing  – unique, credit reference agency integrated, technology. Quotes underwritten on soft footprint search 
  • Whole of Second Charge Market – business spread across all lenders to find the best deal
  • Rates – Residential Second Charge from 3.65%, BTL Second Charge from 4.49%
  • Service Choice – ‘Advice’ or ‘Package Only’
  • Accessible – instant decisions from dedicated account managers
  • Optimal Customer Outcomes – Finding the lowest rate a customer qualifies for and low fee, means TLE customers typically pay 1% less (APRC), than competitors who operate the traditional Master Broker fee model
  • Scale – 28 years of trading, 50 highly skilled staff
  • Easy to use – phone Nina Kainth and her team on 0800 032 9595 (or 01923 280 095), or email sales@tle.co.uk

Registration Process

Simply ring TLE on 0800 032 9595 or (01923 280 095), or register online here.

If you are already registered with TLE, please mention your TMA membership during your next enquiry, and their advisers will switch your registration to TMA.

*How does the fee work?

    • TLE provide free sourcing, advice and illustrations
    • If the customer wants to proceed an application fee of £295** is payable
    • The customer pays for any valuation costs on their application, if required 
      • The majority of all deals require just a desk-top / drive by (£99 – £249)
      • In 2017 the average valuation cost per application was only £379
  • Finally, you tell the TLE how much you would like to earn from the deal, and TLE include this as their broker fee and pay it to you at completion, as your referral commission.

The fee model gives you control of your client’s second charge costs. Through 2017, most customers paid TLE just over £1,000 in fees for an average £60,000 loan, which is significantly less than what they would have paid with TLE’s competitors.

**For loans under £30,000 a packaging fee of £500 will be payable on completion, which can be added to the loan

4 Reasons To Make The Loans Engine your specialist finance broker

1. TLE are commitment to Training and Development

They will work hard to help your Firm get the most out of our Specialist Finance Products:

If you feel that your firm could benefit from some expert training on:

  • Second Charge for Residential and BTL property
  • Bridging Finance (Regulated and Unregulated);
  • Commercial Finance; or
  • Restart Mortgages

Then just let them know by emailing here and they will provide training for the entire firm, or one-on-one with you, just reach out and they will support you.

 

2. TLE Excellent Standards and Service

We get amazing reviews from our Intermediary partners and customers all the time. That’s why we’re a FEEFO Gold Trusted Service Award winner.

You can see our reviews submitted online here.

We’ve also shared some more personal reviews received via email on our testimonials page of our website.

3. TLE have market leading commission rates

They can offer the best combination of moderate customer fees, with highly attractive commissions for the Intermediary.

TLE will let you control the commissions and adjust fees accordingly, but they know they are competitive on both the total cost to the customer, and commission to you!

Test them out against competitors, as they benchmark regularly and are confident that on the majority of deals we represent better value all-round.

 

4. The Loans Engine have great tools guides and case study resources

Make the most of TLE.co.uk and their phenomenal staff

Just go to the website and check out the quick quote tools, case studies and general information available…

And never forget that they are always happy to take your call and sense check a case with you with a few quick questions.

That’s just the start of what TLE could do to help you… experience our enhanced, engaging and profitable proposition.