Mortgage Next Launch New Sercured Loan Product
Tuesday, 4 December 2007
Mortgage Next has launched a secured loan service in conjunction with its parent company Freedom Finance, giving brokers online access to a range of secured loan products.
Using Freedom Finance´s recently launched "Freedom of Choice" online system, brokers can choose from a range of secured loan product providers and will be presented with a decision in principle, monthly repayments and other important information which enables them to assess if a secured loan is more appropriate than a remortgage.
Gemma Harle, managing director of Mortgage Next, said TCF meant brokers need to consider if a secured loan may be a more suitable product for their client than a remortgage. She added: "In certain circumstances, such as borrowers being locked into existing mortgage deals by hefty redemption penalties, a secured loan may be a better option. The Freedom of Choice system makes sourcing and placing secured loan very easy for any broker, even if they are unfamiliar with secured loan products and application procedures."
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