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1 About us Having come to the market with a wealth of experience behind us, Clever Lending is a second charge master broker focusing on making secured loans more accessible to intermediaries. With the regulatory transformation taking place, Clever Lending is at the forefront of easing the way on your behalf. With a comprehensive panel of lenders available we can identify the correct solutions for your clients. Establishing trusted and solid working partnerships with all our brokers is of the upmost importance for Clever Lending. Our offering is continually developing as we endeavour to meet the needs of you and your client.

2 Why us? We are at the forefront of regulatory changes We provide a full and supportive service We will help guide you through forthcoming regulatory changes We have a portfolio of niche lenders and bespoke products Flexible case submission We make it easy for you to offer secured loans We have a committed team of underwriters and dedicated case handlers There are no up-front fees Clever Lending offer more than just secured loans, we offer help, training, advice, assistance and the ability for you to provide your clients with a regulated product in a compliant manner.

3 Supporting you Working closely with you and developing a transparent and trusted relationship is paramount to us here at Clever Lending. We are very aware that secured loans may be just one element of your business, which is why we are here to do as much or as little as you wish. Our experience and resources means we can ensure we find a secured loan option suitable to your client. Dedicated Case Team We have a strong team of experienced case handlers who will work closely with you throughout the application process. Our team are also very experienced in dealing with diverse client circumstances, such as complex credit requirements. So regardless of your client s needs we will strive to ensure they are successfully met. Training Our expert team are focused on developing solid trusted relationships with you to identify, expand and generate any new business opportunities. We want to ensure you are prepared for the forthcoming regulatory changes. We are happy to work with you and your teams to put this in place, just give us a call on Marketing Resources We can provide marketing support to create compliant approved material to help you increase your volume of secured loan business. Our Service We will assist and guide you whenever required throughout the process. If you have any questions or concerns, you only need to pick up the phone and we will work with you to get a suitable solution, just call

4 Our process We aim to provide you with a simple yet transparent process. You are in control of the way you refer your client. If you prefer a more hands off approach, simply refer your client and we will take care of the rest for you allowing you time to concentrate on other areas of your business. You can track the progress of your case through our case tracker, and our underwriters are on hand to help with any questions you have.

5 Our commission With an increase in remortgage declines, the income opportunity within the secured loans market is growing and more and more intermediaries are recognising this. As an introducer with Clever Lending you will earn 50% of the broker fee and commissions after costs. Our commission structure is very simple. Regardless of how you refer to us the commission remains the same. Our introducers receive an average of 1,283.00* for each loan paid. This gives you a potential 15,000 additional income per year for just one completed case a month. Loan Amount: 24,000 Monthly payment: Term: 10 years Rate: 5.11% Total income including 10% Broker Fee: 2, Average Costs: Introducer Income = 1, A few things to know * 1, = average commission paid to our introducers between August 2014 and Feb 2015 The broker fee will be a maximum of 10% of the net loan

6 Why choose a secured loan? With changes imminent, it will be a regulatory requirement to consider secured loans as an option for your client. Your client may need to raise capital through a secured loan for a number of reasons. Whether it s for home improvements, to help a family member or to consolidate any debt, secured loans are viable and increasingly popular options for a lot of people. Why is a secured loan possibly the best option? Your client is self-employed, without accounts Affordability checks are now tougher than previous, with banks demanding up to three years of accounts as proof of income. But there are some secured lenders on our panel who will accept a tax return, accountant s reference or a bank statement as proof of income. Your client has a complex credit profile Secured loans are very flexible in areas such as eligibility and can be an option for those who may have had previous problems with obtaining credit. Even with a history of missing payments, historic CCJs or defaults a secured loan through Clever Lending may be a solution. Your client wishes to retain their mortgage deal It may be that your client is on a low or fixed mortgage rate which they wish to retain. Taking out a secured loan is one way to keep their current rate in tact whilst enabling them to raise capital. Your client has minimal equity for a remortgage Your client may find they have limited LTV lending options, if your client does not have enough equity then a secured loan could be the preferred choice Clever Lending are here to help identify possible options for such a scenario.

7 Bridging solutions What is a Bridging Loan? A bridging loan is designed to bridge a gap so if your client needs to borrow money quickly for an interim period for a property transaction. The loan usually lasts for no more than 12 months and acts as a cash injection at a time when it is much required. A bridging loan is not a replacement for a long term solution. A bridging loan is typically used for: Broken sale chains - Auction purchases - Full retention renovation Below Market Value - Unmortgageable properties - Change of use. A regulated bridging loan can also be a good option for clients who have found their dream home and have yet to sell their current property. Our bridging criteria includes: 1st, 2nd & 3rd charges Zero arrangement fees 100% LTV available with additional security Terms from 1 month to 18 months Loans from 10k No exit fees Staged release Auction purchases The opportunity There is great opportunity with bridging loans for you and your clients in the right circumstances. It is a flexible form of finance that has seen growth in recent years and the choice of products available has developed greatly. With traditional lenders still being quite reserved in this area, then more specialist lenders have taken the opportunities to develop products that open the door for a more diverse range of requirements. To make an enquiry for a bridging loan call us on or enquiries@cleverlending.co.uk.

8 Commercial solutions Who are Commercial Mortgages aimed at? Not only are Commercial Mortgages aimed at businesses looking to purchase property to trade from, this type of finance can also assist when the mainstream buy to let lenders can t. Investors may have requirements for a more specific lending option which may include: UK Ltd Company Buy to Lets (also known as Special Purpose Vehicle (SPV)) House of Multiple Occupation (HMO) Residential Portfolio s Mixed Property Portfolio eg. Office Block, Residential and Semi-Commercial Portfolio Offshore Ltd Co. SIPP/SSAS Scheme s Landlord s and companies with adverse credit Criteria Ultimately the product criteria for commercial mortgages is not set in stone each case is assessed individually and a solution recommended according to the circumstances. Market leading rates Interest only options Loans from 25,000 with no maximum Up to 100% LTV (with additional security) Fixed and variable rates Flexible underwriting approach in relation to adverse All types of unusual property and borrower options We work closely with all our lenders to ensure we always try to find the best solution for your clients. If you have a complex case that needs discussing just call us on or enquiries@cleverlending.co.uk. To make an enquiry for commercial finance call us on or enquiries@cleverlending.co.uk.

9 The Clever Lending approach Clever Lending are a fresh and flexible second charge master broker that has recently entered the market. As part of the Totemic Holdings (2014) Group we have a wealth of expertise behind us and extensive experience within the market. With particular understanding of vulnerable clients, Clever can offer a vast amount of experience and knowledge which we instil in our daily business in order to better meet your requirements. Our proposition is about ensuring that we provide you with thorough support as well as the right products for your clients. 2nd charge wide panel and specialists in complex cases Bridging Commercial PRODUCTS SERVICES Transparent service Full case tracking Quick Sourcing system and use of technology Full advice and information available SLAs in place At the forefront of regulatory changes Fully qualified advice process available Compliance supporting functions available REGULATION EDUCATION Understanding the regulation changes Full support via toolkits, workshops, seminars and guides Training resource available upon request

10 Products for all requirements With access to UK mainstream and niche second charge lending products, our tailored approach can benefit you and your business by enhancing your product offering. Are you dealing with clients who have the following restrictions? Existing mortgage has an ERC Have disposable income but fail income and expenditure tests for remortgage. Need a short-term solution Have a complex credit history (including CCJ s, defaults or arrears) Are self-employed Their only income is a pension or benefits Our strong product offering means we can help to provide a solution for most of your client requirements resulting in you being able to provide a fullyrounded offering. Our lending portfolio covers: Second Charge Bridging Commercial Service - ease and support With the aim of making your life easier and your clients expectations met, we focus on ensuring you have access to the following: Easy to use website for product details, educational guides and regulatory support Online application and case tracking A dedicated case handler (for you and your client) A quick quote facility An experienced team to answer any query Clear product information Educational guides and tools Support for identifying the right opportunities Training opportunities If you think we should be offering something we re not then just tell us - we re here to accommodate you!

11 Regulation We aim to provide you with full support in the lead up to regulation in March What does this mean? You will start to see information on the following topics appear on our site in the lead up to March: 1. What will the regulatory changes mean for me? 2. How do I need to prepare? 3. What is the impact for my client? 4. What are my options for fulfilling client needs? 5. What happens after 21st March 2016? We have a dedicated compliance support function and TCF expertise that ensure that all client outcomes are fully compliant so you don t need to worry about that side of things. You also have the chance to get some hands-on training with us at Clever Lending HQ, where you can meet the team and learn all you need to know about second charge loans. Sign up with us now and keep an eye out for all the information you need in order to be confident of your product offering come March Education and Training As the secured loan market evolves we see guidance and education as key components of our offering. Our commitment to making Clever Lending s website a centre of excellence is illustrated by its continuous development and devotion to becoming a hub for brokers a place to go for industry news, guides, toolkits and training opportunities. With the forthcoming regulation it will also become increasingly important to guide lenders, brokers and their clients through the changes and work together to spot and create new opportunities. Clever Lending will be providing training avenues through workshops and seminars, and are flexible to working within your business requirements to support any educational goals you may have around secured lending. If you would like to speak to us about any training or workshop support then please contact us now and we will ensure we work within your requirements to suit your objectives. us: enquiries@cleverlending.co.uk

12 Technology our commitment Technology is an increasingly important part of the growth of the industry and we are making sure we invest appropriately in this for both our future and yours. Providing you with a first class, easy to use sourcing system, is high on our agenda. However, our dedication to supporting you is paramount and you won t simply be left alone to handle everything. You will have the ability to confidently source and compare first and second charge products, with the process being seamless from sourcing all the way through to completion making it easier for you to meet more client needs. Our investment is to ensure sourcing is easier for you and faster for your client whilst providing access to the most suitable products. Register with us now to be part of a new approach to secured lending. Visit or call This information is for intermediary use only. Clever Lending is a trading name of Financial Makeover Limited, a limited company registered in England and Wales with registered number Registered Office: Kempton House, Dysart Road, PO Box 9562, Grantham, Lincolnshire NG31 0EA. Financial Makeover Limited is authorised and regulated by the Financial Conduct Authority. CL Proposition V1. Sept 2015

13 FAQ How do I register? You can register by visiting our website at You will find this either on the landing page, or by going onto our Contact page. How do I make an application for my client? There are a few ways that you may like to do this. You can visit our website and submit an application online. You may prefer to download a DIP form also available on the website which you can complete and to us at enquiries@cleverlending.co.uk. If you prefer we will contact your client for you. Or you can just call us on and speak to our team. We aim to provide a simple and effective service tailored around you. Can I track my case? Yes. We have an online case tracking facility so you can follow the progress of your cases every step of the way. Once registered with us you will receive an confirming your username and password and a link to the case tracking facility which can also be found on our website I only have a minimal amount of information to hand; can you give me a rough idea of the rate? Yes we will be able to provide an indicative quote for you to present to your client prior to us completing the relevant searches. Just call us on

14 FAQ Can the client pay the loan off early? If the customer is wishing to redeem their loan early, they will usually need to give 1 months notice plus 1 month s interest. In addition to this, some of our lenders do have a discharge fee which is to cover the legal costs for removing the charge from the property and the cost of this varies from lender to lender. Typically this charge is Can I charge a fee myself for referring to you? You cannot charge a fee that is not shown on the credit agreement and is therefore not reflected in the APR and total cost of the loan.