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iSourceMortgages is the only sourcing iPad app specifically for intermediaries. Offering you access whilst on the move, iSourceMortgages is designed by Mortgage Brain to provide sourcing capabilities for you on your iPad during the initial stage of the point-of-sale process.
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.
The number of mortgage products available to UK mortgage intermediaries has stabilised with data from Mortgage Brain’s latest Monthly Product Analysis showing marginal change in overall availability during the past six months.
Compared to the start of July 2011, the total number of live mortgage schemes listed on its market leading mortgage sourcing system has increased by just 6% (an additional 759 new products) indicating a reasonably slow and steady stabilisation in product movement in the UK intermediary mortgage market.
An analysis of the industry’s three main mortgage types further supports this with Fixed rate products showing a mere 2% drop in overall availability since July 2011. A 4% increase in Trackers has seen their availability rise slightly over the same period from 3,237 to 3,378 as of 2nd January 2012.
Variable rate products, however, whilst representing the least number of mortgage products, have shown the strongest performance over the past six months – increasing by 50% from 1,500 on 4th July 2011 to now stand at 2,252.
The number of mortgage products available to UK mortgage intermediaries has remained at a three year high for the second month running, according to figures released from Mortgage Brain’s Monthly Product Analysis.
For the first time in 11 months the total number of live mortgage schemes listed on its market leading mortgage sourcing system dropped slightly (down 1%) during October. Current figures, as of 31st October 2011, now list 14,203 products compared to 14,361, which were listed at the start of the month.
The slight decline (a withdrawal of 158 products), however, is easily overshadowed by the longer term analysis, which continues to paint a positive picture of the current UK mortgage market. The latest data, which represents a 42 month high, shows an impressive 86% uplift in overall product availability compared to this time last year, and a 21% increase compared to six months ago.