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Mortgage Brain launches coronavirus information centre

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  • 20/04/2020
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Mortgage Brain launches coronavirus information centre
Mortgage Brain has launched a hub featuring product and policy changes from lenders, as well as market news, to help keep intermediaries up to date amid the coronavirus pandemic.

 

The reference centre by is free of charge and can be plugged into ‘coronavirus hubs’ that have or are being set up.

It comes as advisers have had to grapple with significant changes across the industry since the outbreak of Covid-19.

There been a dramatic reduction in the number of products available, as well as an overall tightening to a number of criteria.

The new section on Mortgage Brain’s Criteria Hub site features three data feeds, with the first covering 19 frequently asked questions about lender policies.

The second feed is updated daily and features specific product changes from lenders, while the third feed consists of industry news stories provided by Mortgage Solutions.

Mortgage Brain is the parent company of AE3Media, publisher of Mortgage Solutions.

Intermediaries will not be required to register to access feeds, and do not need to be current users of Criteria Hub.

Richard Merrett, head of strategic development at Simply Biz Mortgages, said: “We are delighted to partner with Mortgage Brain in delivering a criteria, product and news feed to keep advisers informed as the market responds to the current challenges.

“The ability to capture all of this information in one place is a fantastic support resource to help with client solutions, and will save considerable time and effort in the research process.

“This fits perfectly with the ethos of our recently launched SimplyBiz Mortgages Solution Hub and will be crucial in allowing advisers to spend more time on helping more customers and creating as many good outcomes as possible.”

Mark Lofthouse, chief executive of Mortgage Brain (pictured), added: “The mortgage landscape is moving at a rapid pace as a result of the pandemic, with intermediaries having to keep on top of vast numbers of product and criteria changes on a daily basis.

“We are committed to easing that burden by developing this single point of reference, arming them with the information they need to continue providing the advice and guidance which borrowers rely on.”

 

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