Mortgage Brain, the industry’s most widely used and preferred mortgage technology solutions provider, has developed and launched a NewBuy Guarantee scheme filter to enable brokers to instantly identify mortgages from lenders that have recently brought out specific NewBuy products.
The development is in line with the Government’s recently announced ‘NewBuy’ initiative, where first time buyers need only a 5% deposit rather than the expected 20% for all new build properties, and sees Mortgage Brain become the first sourcing system provider to offer this service just days after the Government’s announcement.
Available on all versions of ALL NEW MortgageBrain, the NewBuy product search facility currently applies to a number of UK lenders including NatWest, Nationwide and shortly Barclays with more expected to come on stream in due course.
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