Money Partners launches direct to broker arm

The acquisition will also see the lender launch its own direct channel - Money Partners Touch – aimed at non-packaging brokers, introducers and IFAs which will go into full operation in December. The subsidiary will provide processing and packaging services, electronic decision-in-principle facilities and online case management. The lender says there will be no change to its existing packager relationships nor any redundancies as a result of its acquisition of Residential 1. The deal will see Residential 1 become a Money Partners subsidiary but the brand will remain and Residential 1 wi...