MCI Mortgage Club has agreed a partnership with broker Loans Warehouse, which it says boosts its members choice of second charge and bridging products. The club says the master broker has access to second charge mortgages that range from £5,000 to £1m and can source products for clients with poor credit and a history
MCI Mortgage Club has established a surveying referral partnership with Home Survey Centre.
Members of the club can refer their clients to Home Survey Centre who provide a range of surveying services from homebuyer reports to full building surveys.
Home Survey Centre charge clients fixed fees for their services and MCI members earn a fixed referral fee.
Melanie Spencer, head of MCI Mortgage Club, said: “This new partnership is an important addition to the services we supply to our members and makes us a truly all-round mortgage club.
“Members can provide their clients with everything they need when buying or remortgaging a home. They have access to a wide range of mortgages, insurance, conveyancing, compliance and now surveying services.
MCI Mortgage Club adds United Trust Bank to lender panel
By Roger Baird 11
MCI Mortgage Club has added specialist lender United Trust Bank to its panel.
United Trust Bank lends on first and second charge mortgages up to £500,000 and will consider non-prime customers and non-standard construction property types.
The bank has flexible criteria for both employed and self-employed clients and does not credit score.
Last August, the lender launched a Secure Chat Hub app for brokers and customers to communicate securely with the bank during mortgage applications.
The app runs complete security checks using facial recognition for ID verification, it can upload documents and accepts e-signatures.
MCI Mortgage Club has added United Trust Bank (UTB) to its lender panel.
UTB lends on first and second charge mortgages up to £500,000 and will consider non-prime customers and non-standard construction property types.
As part of the agreement, members of the mortgage club will have access to the lender’s range of products.
Melanie Spencer, head of MCI Mortgage Club, said: “MCI and UTB share a passion for technology, which is at the heart of both of our businesses.
“Our CRM system and digital mortgage platform includes full integrations with third party partners to cover the whole mortgage journey and was built by our sister company eKeeper.
Darlington Building Society is the latest lender to join the growing lender panel at MCI Mortgage Club.
The society offers a range of mortgages from residential and buy-to-let (BTL) through to complex cases, including credit repair.
There is no credit scoring, as each application is underwritten on an individual basis.
Darlington aims to help first-time buyers, and its range includes Joint Borrower/Sole Proprietor and Help to Buy purchase and remortgages.
It can accept four applicants on a mortgage and use all four incomes at 4.5x loan-to-income. The Society also lends on shared ownership up to 95% loan-to-share on both new-build houses and flats.