What do Transitional Arrangements mean for you and your clients?


‘Transitional provisions were introduced into the MMR to minimise the number of ‘mortgage prisoners’ post-implementation.’ Mortgage Strategy.

The Financial Conduct Authority (FCA’s) Transitional Arrangements provisions, currently available through the Ipswich, Melton Mowbray and National Counties, were introduced to allow lenders to waive affordability checks for borrowers that were stuck with their current mortgage. The only requirements are that the customer cannot borrow any more money, but the amount is still affordable and their payment history is good. The arrangements can be applied to existing borrowers and borrowers from other lenders. In 3.17, the FCA state ‘These transitional arrangements will be able to be used by lenders to take on borrowers from other lenders.’

We have now added a Transitional Arrangements filter to our MortgageBrain Classic product. The new filter can be found in the Product Filters tab under Attributes. This new filter will allow you to search for select lenders that will consider applications from customers of other lenders.

Have you used the new filter yet? If so, we’d love to hear from you and how you have helped one/more of your clients remortgage. Email: marketing@mortgage-brain.co.uk

Spotlight on Sharon Marshall – 10 things you didn’t know about Sharon

Sharon Marshall Mortgage Brain

We have recently welcomed a new member to our Corporate Account Management team with the appointment of Sharon Marshall.

Sharon brings a wealth of knowledge and experience and will be responsible for broadening Mortgage Brain’s relationships with corporate accounts and networks, and delivering new sales. Sharon previously worked as a National Account Manager at Santander for eight years, and most recently with Countrywide as Head of Insurance Sales and GI.

We invited Sharon to answer 10 questions to find out a bit more about her:

1. What was your first job?
Cashier at Abbey National

2. If you could pick one theme for Mortgage Brain to turn into a book, what would it be?
Not sure yet, but as a reader of true life crime and fictional serial killers, this may prove a challenge.

3. If you had to eat one meal, every day for the rest of your life, what would it be?
That’s a tricky one. I think it would be a combination of a curried Sunday dinner and if I could choose a pudding, it would be cheese all the way!

4. Before working at Mortgage Brain, what was the most unusual or interesting job you’ve ever had?
As a teenager, I managed to get a Saturday job in a Clarks shoe shop. On my very first day, I successfully sold three pairs of shoes to one lady. The Manager was so impressed he gave me a pay rise of 75p per hour! I am not sure if the successful sale was down to my fabulous customer engagement skills or the fact that the lady was partially sighted! (I joke not; I nearly tried a pair of shoes on her guide dog!)

5. Any random facts you could share with us?
I get very bad lane rage when swimming! Not that I am competitive but I get very frustrated with swimmers who select the wrong lane in which to carry out their swim. Leisurely swimmers opting for the fast freestyle lane drives me insane.

6. What is the favourite part about working for Mortgage Brain so far?
It is like being part of a family

7. Are you messy or organised?
Very organised and one of life’s planners!

8. What is your best moment at Mortgage Brain so far?
The welcome on my first day! The day started with a choice of breakfast sandwich coupled with a dress down day! Plus a team member’s 50th birthday with cake for all!

9. You’re happiest when?
Spending time with my family and friends.

10. What have you found the most challenging at Mortgage Brain a week in?
Trying to remember everyone’s names and roles!

We wish Sharon every success in her new role at Mortgage Brain and we hope you enjoyed getting to know her a bit better!


Spotlight on Chris Brown – 10 things you didn’t know about Chris

Chris Brown, Mortgage Brain

Chris Brown was recently appointed as one of our new National Account Managers. Chris, has worked as part of Mortgage Brain’s Lender Account team since 2011, is joining the Corporate Account Management team under the leadership of Sales Director, Bob Jose.

He will be responsible for building new relationships with national mortgage networks, broker firms and mortgage clubs, helping to improve sales processes and enhance compliance support through the use of Mortgage Brain’s suite of market leading technology solutions.

So we thought this month we’d put the spotlight on Chris and find out 10 things you didn’t knew about Chris:

1. What was your first job?

1st job in finance was working on the Fraud department at a Finance House who provided instant credit for a number of high Street retailers. 

2. If you could pick one theme for Mortgage Brain to turn into a book about the company, what would it be?

It would have to be the Mortgage Vision events which turn into a gastronomic tour of the world as one year we ate in a Mongolian restaurant! 

3. If you could switch your job with anyone else within Mortgage Brain, whose job would you want? 

As I have just moved into this role it is a little too early to be considering the next step however I suppose Sales director (Bob) would be logical.

4. What is the favourite part about working for Mortgage Brain?  

I think the culture within Mortgage Brain which is a welcoming and supportive working environment.

5. What is your best moment at Mortgage Brain? 

There have been a number of highs working for Mortgage Brain but the promotion to the NAM role is the main one.

6. What do you find the most challenging at Mortgage Brain?  

Keeping up with the pace of change as we are constantly evolving our software

7. Any random facts you could share with us? 

The number 4. The number of times Mortgage Brain has won Best Technology provider in the last 6 years.

8. If you had to eat one meal, every day for the rest of your life, what would it be?

Too many to mention, but I enjoy anything with Chorizo in!

9. Are you messy or organised? 

My wife would say I am messy, I would say organised.

10. You’re happiest when? 

I am in Spain with the family and sat on the balcony of our apartment with an ice cold San Miguel.

We hope you enjoyed getting to know Chris a bit better. Look out for our next spotlight on someone in our Mortgage Brain family.