Press Release

Paymentshield Launches New Service For Loans

Paymentshield Loans is the latest new service from Paymentshield, the leading supplier of general insurance to mortgage intermediaries.

Intermediaries can introduce loan enquiries to one central point of contact via a dedicated area of the Paymentshield website (www.paymentshield.co.uk/loans/) and following receipt of an enquiry, contact will be made with customers. This service is offered in conjunction with Central Capital Limited (part of the Central Trust Group, one of the leading credit brokers offering loans in the UK) and will offer a comprehensive range of secured, as well as unsecured loans. For introductions that successfully reach 'payout' stage, there is a competetive commission structure in place. Commenting on this launch, Ben Thompson, Head of Mortgages & Loans at Paymentshield said,

"Loans is a logical extension to our products and services. Based on feedback received from our roadshows earlier this year and the reaction from our initial mailing on this new proposition, this new service will be received exceptionally well by intermediaries. We are pleased that we have been able to construct a simple solution for those that merely wish to refer loan enquiries and continue to concentrate on their core activities and yet still use the service to attract new customers as well as offer existing customers more"

The launch comes at a time when total lending to individuals has reached an all time high and speculation is rife around how the loans industry will be regulated in the future. Commenting on the launch, Andrew Turner, Managing Director and co-owner of Central Trust Group said,

"We have seen a significant rise in the level of interest shown by mortgage brokers towards loans over the last six months or so and clearly the timing for this service could hardly be better. We are especially pleased that we can provide a world class service to intermediaries via our relationship with Paymentshield and are very optimistic about how this will grow".

Paymentshield Loans launches initially to the Directly Authorised market on 26th September and will shortly expand to accommodate other markets.

-ENDS-

Notes to Editor:

Paymentshield Limited is the largest independent supplier of general insurance products to the mortgage intermediary sector. Paymentshield has one of the largest collections of registered intermediaries in the mortgage market, totalling over 21,000 advisors registered to sell Paymentshield products.

For all further enquiries, please contact:

Ben Thompson
Head of Mortgages
Tel - 01707 226637
Mobile - 07887 678467
E-mail - ben.thompson@paymentshield.co.uk

Fiona Kitchin
Head of Marketing
Tel - 0870 351 5878
Mobile - 07989 960 166
E-mail - fiona.kitchin@paymentshield.co.uk