"We are delighted to be the first packager to offer a full first charge integration option, with Shawbrook."
The product offers a new solution to borrowers aged 55 or over nearing the end of their existing interest-only arrangement, with an outstanding balance.
Through this partnership Shawbrook will be further improving the finance options available to those approaching or past retirement age.
Maeve Ward, Managing Director of Residential Mortgages at Shawbrook Bank, commented: “Partnering with AToM to offer our ‘55 Plus Mortgage’ is fantastic news, especially since the launch of their new ‘AToM Together’ system – the first on the market to offer fully automated functionality. The new integrated system offers brokers a decision in principle and generates an ESIS based on an actual decision, not an indicative one – speeding up cycle times, helping brokers to offer an even better service to their customers.”
Dale Jannels, Managing Director of AToM, added: “Like AToM, Shawbrook looks to lead the market in offering innovative solutions. This is true of the ’55 Plus Mortgage’. Not only does it offers a genuine alternative to equity release and other retirement finance products, but also lends a hand to a much beleaguered section of society, who are so poorly served by the high street. Add this to our new broker friendly system and we are delighted to be the first packager to offer a full first charge integration option, with Shawbrook. We look forward to working closely with Maeve and the team to promote this great product offering to our brokers through AToM Together.”
