Master broker Clever Lending has launched second charge sourcing system called ‘Clever Sourcing’ with Twenty7Tec.
Clever Sourcing enables brokers to get quick quotes and provides a side-by-side comparison between second charges and remortgages – ideal for Mortgage Credit Directive regulation.
Sam Kirtikar, managing director at Clever Lending, said: “Clever Sourcing is not designed to be a substitute for adviser knowledge or experience, but designed to assist in identifying a range of opportunities that are suitable for their clients’ circumstances.
“We foresee this being an excellent tool for advisors, ensuring that second charges can be accurately recognised alongside first charge, covering off FCA requirements, providing a compliant audit trail and giving the client the options they are entitled to.
“The system will provide clarity and clear reporting and we will continuously look to develop it further to ensure advisors, managers, clubs or networks are getting the most they can out of it.”
James Tucker, managing director at Twenty7Tec, added: “It’s an easy to use interface and advisors will benefit from having so much useful information at their fingertips.
“They have a unique brand proposition in the secured loans market and we look forward to developing the system further as market changes require.”