Halifax, NatWest and Royal Bank of Scotland are currently the only lenders offering Help to Buy products but other lenders including Barclays, Santander and Virgin Money plan to launch in the coming months.
Mortgage Brain’s new function will allow brokers to filter Help to Buy mortgages and find out product details. The firm says it is the first sourcing system to offer this service.
Mark Lofthouse, CEO of Mortgage Brain, said: “Our Help to Buy mortgage guarantee product filter will allow brokers to quickly and efficiently source mortgages that have been specifically created for first-time buyers and existing home owners looking to purchase a new property or remortgage and take advantage of the low deposit requirement.
“Mortgage Brain is the only sourcing system to offer this facility and by being able to identify these new products, brokers now have a greater choice and certainty of being able to quickly and efficiently source mortgages which best meet their client’s individual needs.”
