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Mortgage Brain signs up nine second charge lenders

  • 30/06/2017
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Mortgage Brain signs up nine second charge lenders
Mortgage Brain has signed up nine lenders to its second charge sourcing tool, integrated with its Classic first-charge system.

Central Trust, Masthaven Bank, Norton Finance, Precise Mortgages, Paragon Personal Finance, Shawbrook Bank, Step One Finance, United Trust Bank and 1st Stop Group have partnered with Mortgage Brain for the distribution of their second charge products.

The specialist lenders’ products, include fixed, variable rate, residential, and buy-to-let products.

Mortgage Brain integrated second charge sourcing into its first charge sourcing systems last month.

The function gives advisers the option of comparing any appropriate first and second charge mortgage products, side by side, on one screen or one print out.

Advisers are given a choice to advise on second charge products and deal directly with the lender, or pass the lead to a master broker.

Mark Lofthouse, chief executive of Mortgage Brain, said: “The popularity of second charge mortgage products continues to grow and Mortgage Brain Classic users, now, with the inclusion of these specialists lenders’ products, have a greater choice and certainty of being able to offer a second charge mortgage service, which best meets their client’s individual needs.”

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