V Loans launches second charge and remortgage sourcing system

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  • 27/10/2016
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V Loans launches second charge and remortgage sourcing system
Master broker V Loans has partnered with tech firm Iress to launch a sourcing system which allows advisers to compare second charges with remortgage products in the residential and buy-to-let markets.

The firm has integrated second charges into the online mortgage advice platform, XPlan Mortgage, giving brokers access to the market through a number of master brokers.

The new system also promises better transparency for brokers with master brokers being asked to display their fees upfront.

V Loans managing director Marie Grundy (pictured) said: “Displaying second charge products alongside traditional remortgage products truly puts seconds on a level playing field.

“We believe this will drive consideration of seconds amongt traditional mortgage advisers and allow them to make informed decisions to get the best outcome for customers who are looking to raise capital.”

The platform will allow brokers to produce sourcing comparison reports and European Standardised Information Sheets (ESIS) as well as suitability letters.

In addition, V Loans will offer advice and arranging services for those who wish to outsource second charge advice.

V Loans was acquired by Key Retirement Group in October 2014. It is an appointed representative of Key Retirement Solutions.

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