As well as facilitating whole of market sourcing for the three product types independently, the combined system will provide members of the Connect Network with the ability to produce a detailed comparison of mortgage versus secured lending options, helping ensure compliance with the guidelines contained within the forthcoming Mortgage Credit Directive, due to be implemented in March 2016.
The combined system, which can be accessed on any operating system or device, is being rolled out to all Connect Network members presently, with further initiatives between Connect and Twenty7Tec to be announced shortly.
James Tucker, Managing Director of Twenty7Tec, commented:
“We are delighted to have been selected by Connect Mortgage Club to provide a combined sourcing solution for all of their Network members. In Connect we have found a partner who shares our vision on how technology solutions should support advisers by offering efficiency in process and aiding regulatory compliance, and we look forward to working closely with them in the months ahead.”
Liz Syms, Managing Director of Connect Mortgage Club, added:
”The needs of a modern day mortgage adviser require a portable web based platform with the ability to source a wide range of property finance products. Our members specifically need a system that can help them source the specialist products they transact such as BTL, Commercial, Bridging and Second Charges. Twenty7Tec were the only company I felt offered a complete solution for our members. The system strengthens our proposition even further to new prospective ARs looking for a specialist Network to support them within the commercial and buy to let sector.”
