0330 303 0236

The Loans Engine


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