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Do you expect to see less or more second charge mortgage lenders in 2018?

Mortgage Brain offers whole-of-market first and second charge sourcing


Software provider Mortgage Brain has added a fully integrated second charge mortgage sourcing capability into its first charge sourcing system.

The new functionality allows advisers to compare appropriate first and second charge mortgage products.

Advisers now have the choice to instruct on second charge mortgages and work directly with the lender or pass the lead to a professional master broker.

The sourcing system MortgageBrain Classic has 99.9% product data accuracy and over 200 sourcing criteria.

Mark Lofthouse, CEO of Mortgage Brain, said: “The rise in popularity of second charge mortgage products continues and by integrating secured loan sourcing into our mainstream first charge sourcing systems, we’ve made it as easy as possible for advisers to consider second charge lending when discussing options with their clients.

“The second charge sourcing option, for example, is accessed from the main sourcing screen and is included when the remortgage search option is selected. 

“This is a really useful prompt – right at the start of the mortgage search and selection process – for advisers to discuss second charge options with their clients.”

The second charge sourcing system is being rolled-out to MortgageBrain Classic customers now, but will be made available to MortgageBrain Anywhere users from mid-2017.

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