Head to Head: Are the 30- and 40-year fixes entering the market a welcome addition?
By Rebekah Commane 9
Yay
Melanie Spencer is head of MCI Mortgage Club
The government is keen to promote long-term fixed-rate mortgages and these will provide borrowers with more choice. The market should offer a wide range of options to suit all needs and while this is a niche product it could be suitable for some people.
For the borrower, the main advantage is that it gives certainty of knowing exactly what their interest rate will be over the entire life of the loan, and therefore the cost of their monthly repayments.
MCI rolls out new secured loans referral deal
By Gary Adams 16
th March 2021 10:27 am
MCI Mortgage Club has partnered with Fluent Money to offer brokers who offer second charge mortgages a new referral service.
Fluent Money boasts of being a technology driven distributor. Consequently, its sourcing and case tracking systems can be accessed through a smartphone app and its ID checking systems negates the need for paper documents.
This is the first move into the second charge market by MCI Mortgage Club.
MCI head Melanie Spencer says: “As technology is at the heart of MCI, it made perfect sense for us to partner with a technology focused secured loan provider as we take our first steps into the second charge sector.
MCI Mortgage Club can now offer its members a secured loan referral service through a partnership with Fluent Money.
This is MCI’s first move into the second charge market giving its members even more choice of loan options for their clients.
Fluent is one of the largest secured loan brokers in the UK and has whole of market access through its lending panel as well as access to exclusive products.
MCI members will be able to contact Fluent’s partner development team and marketing department and will have their own field account manager.
Being a technology driven distributor, Fluent’s loan solutions include sourcing and case tracking systems for brokers and a smart phone app for clients.