Commercial broker Moorhouse has launched a new single rate premium finance facility which it said does not discriminate against smaller brokers.
Lyndon Wood, ceo of Moorhouse, said: "As there is an abundance of premium finance companies in the market, we decided to set ourselves apart from the competition by offering one very competitive rate to all brokers.
"We see ourselves as the ‘white knights of premium finance'. Our rate is open to all brokers irrespective of whether they place £250k or £250m on premium finance."
Moorhouse Premium Finance will support all classes of personal and commercial lines business.
"Over the next two years, we aim to write about £100m worth of premium finance business," said Lyndon. "Our new service will appeal to brokers on a nationwide basis; it will also enable us to enhance the company's previous commercial and personal offering and create a one-stop shop for all our brokers and their clients' insurance needs."
