Tag Archives: mortgage

Summer Madness at ConveyancingBrain

Introducing Summer Madness: our fantastic loyalty programme over at ConveyancingBrain, which rewards all users of the system with some great prizes.

The programme is our way of saying thanks to those who are using ConveyancingBrain, by offering vouchers for cases that are instructed and then complete, excluding the very first case each month to make it a bit of a challenge.

It started at the beginning of July, and since then plenty of advisors have been taking advantage of this brilliant initiative. So how do you get involved?

It’s really simple.
All you have to do is instruct your first case on ConveyancingBrain, and for all your following cases you can receive £15 worth of Amazon Vouchers.

Your case must complete before you receive your vouchers, but there is no limit on the number of cases you can instruct and complete – so go wild! One advisor did just that: instructing eight cases and earning themselves £105 worth of vouchers in the process.

How does it work?
The counter restarts at the beginning of each month, and your first instructed case each month doesn’t qualify, but every subsequent case does.

Once you have instructed and your second case has completed, just go onto the CB website and enter the details in the competition form and you’ll receive your £15 Amazon voucher. You can then earn an additional £15 voucher for each case thereafter. The number of cases is unlimited, and as long as they complete.

House purchases, as we know and many have experienced, can take a long time. So even if doesn’t complete until June 2017, you can still claim your voucher.

And although you don’t get a voucher for instructing your first case in the Summer Madness campaign, every new customer to ConveyancingBrain, chooses between a nice bottle of wine and a box of chocolates upon instruction of their very first case.

How long have I got?
We’re running our Summer Madness campaign until the end of September, so you still have just under a month to earn some vouchers – alongside your normal commission, of course.

Once you have instructed and completed a case, simply head over to our website and enter the case ID in the form to claim your vouchers. It’s as simple as that.

Remember: this fantastic offer finishes at the end of September and applies to cases that are instructed in July, August and September, which complete before June 2017.

So what are you waiting for? Use ConveyancingBrain today and get started on your voucher quest. How many will you earn?

Summer Madness at ConveyancingBrain

Technology in the Mortgage Market

It’s been thirty years since we first introduced our mortgage software to the market, and it has been a vital tool which has revolutionised the industry in terms of technology ever since.

Technology is constantly evolving in its nature, but its particularly interesting to see it used so much in an industry that has, for the most, part stuck to what it knew best and not ventured into unknown territory.

But where can it go from here? And will the mortgage industry be as happy to welcome yet more changes?

Thankfully, we can hope that, because it has become accustomed to new technology before, the industry will be more likely to welcome future technological developments.

Where did it begin?
In 1986, we introduced the first ever piece of mortgage software, but with some drawbacks due to technology itself still evolving into the type of system we needed for it to really take off.

Fast-forward to 2004 and M-Day, which propelled the mortgage industry forward in terms of technological advancements. It revolutionised the way brokers worked, however, the sceptics were out in force: asking how the existing mortgage systems would cope with new demands.

As we know, it did more than just cope, leaving the mortgage industry and the brokers working within it a bit happier about the idea of using technology in their line of work.

But where are we now?
After M-Day, technological advancements took a giant leap; it allowed us, and other mortgage solution suppliers, to create systems which were faster working, easier to use and up to date – waiting times became a thing of the past, and the client became more involved with the introduction of social media, apps and bigger and better websites.

And what do we predict for the future?
Technology is a hard one to predict: faster software, holograms, robots – who knows?!

It does seem that as time goes on, the industry is more accepting, and welcoming, of technological advancements, especially if it makes their job smoother, quicker and easier – as that usually means more business too!

Following on from M-Day, and 2014’s Mortgage Market Review, this year’s Mortgage Credit Directive requirements have enforced more change in the market.

In five years’ time, we think there will have been various advancements, including:

– More systems integration
– Integrating the tablet more
– Remote video – Skyping your broker!
– The (further) rise of Apps

After that, who knows! Technological advancements mean that exciting times are ahead for the industry, and for MortgageBrain too. We can’t wait to see what the future has in store – even if it is robots!

LoansBrain

Introducing LoansBrain www.loansbrain.co.uk – the clever and free way to source a second charge loan.

The deadline for MCD is fast approaching and everyone is talking about how it will affect them! From 21st March, secured loans will become regulated in accordance with the European Directive by the Financial Conduct Authority (FCA).

We are delighted to announce the launch of LoansBrain, www.loansbrain.co.uk our whole of market second charge sourcing website created solely for mortgage brokers. It enables mortgage brokers to source a range of products from a whole of market range of secured loan Lenders. Brokers can either source a secured loan themselves and then refer to a Master Broker or simply refer. The Master Broker behind LoansBrain is Fluent Money – the UK’s largest second charge Master Broker and winner of the Loan Talk Awards 2015 for Largest Loan Broker. Get to grips with the system by booking a free 10 minute webinar here.

Why a Secured Loan?

A client may want to opt for a secured loan to keep a long-term low rate, because they only require the loan for a short period or because their circumstances have changed and remortgage is no longer an option. When:

  • Your client is already on a competitive mortgage rate
  • Your client is tied into their mortgage with heavy redemption penalties
  • Your client has an interest only mortgage
  • Your client needs a larger sum over a longer term to bring the monthly cost down
  • Your client needs funds quickly with no upfront fees to pay
  • Your client’s credit status has changed since their last mortgage application
  • Your client needs early settlement flexibility
  • Your client needs to raise capital for a non-traditional purpose
  • Your client is unable to obtain a re-mortgage or further advance
  • Soft credit searches at quotation stage is important

Why LoansBrain?

LoansBrain gives brokers a way to compliantly source Whole of Market second charge loans online. It is completely free to use and there is no need to register. If you’d like to know more about LoansBrain or would like to join one of the free webinar sessions, visit the website at www.loansbrain.co.uk

For a comprehensive understanding of MCD and how it is affecting Mortgage Sourcing generally please see our MCD designated page.