Specialist lender Platform Home Loans is the latest addition to IFA portal AssureWeb’s nine-strong panel of mortgage providers. The panel offers intermediaries access to their product portfolios over the internet.
Platform Home Loans is the first non-conforming lender to team up with AssureWeb, giving intermediaries access to current mortgage rates and underwriting criteria for customers with specialist lending criteria.
Leigh Sharpe, spokesperson for AssureWeb, said: “Customers who have specialist lending criteria are more likely to go to IFAs for advice on their mortgage, so it was a logical move to include Platform Home Loans on the panel. We are hoping to increase the number of lenders on the panel to include other specialist lenders in the future.”
Guy Batchelor, sales and marketing director at Platform Home Loans, said: “We are delighted to be part of AssureWeb, particularly as we are the first non-conforming lender to join the portal’s mortgage provider panel.
“As a company, we strongly believe that online business-to-business conduits of which AssureWeb is a prime example, will grow in importance as electronic trading really begins to take off in the intermediary mortgage marketplace.”
AssureWeb’s panel of mortgage providers includes Alliance and Leicester, Bank of Ireland, Bank of Scotland, Halifax, Northern Rock, Scottish Widows, Standard Life Bank, The Mortgage Business and Woolwich. It is also backed by 27 life, pensions and healthcare providers.
Intermediaries can currently use the portal to access product ranges, current mortgage rates and underwriting criteria, and to view and download application forms. According to Sharpe, further services, including case tracking and online application submission, will be available in three to six months’ time.