Data from the specialist property finance comparison site revealed that since April 2022, queries for bridging products have grown by a staggering 156%, with requests for commercial products rising by 140%.

In response, Mortgage Brain has teamed up with Propp to create a streamlined process for intermediaries sourcing unregulated bridging or commercial loans.

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The most significant aspects of this collaboration include:

• a generous broker procuration fee for each case that completes with Propp
• an opportunity for brokers to diversify their business beyond regulated lending
• a simplified process, resulting in referrals being turned around within hours
• a system that can be accessed remotely
• advice from Propp’s specialist bridging and commercial finance experts

Peter Williams, CEO at Propp, commented: “We are delighted to have been given the opportunity to support Mortgage Brain’s network of brokers with specialist property finance referrals.

“Due to the current challenging mortgage market, brokers are looking at numerous ways they can generate an additional revenue stream, and we believe that bridging and commercial finance could be the answer.”

Pollyanna Puddephat, head of marketing at Mortgage Brain, added: “We are really pleased to be able to partner with Propp to support those brokers who are branching out into unregulated lending.”