A new variety of second mortgages launched by Future Mortgages
Future Mortgages have provided brokers with automated credit
decisions for any applications submitted via the Internet.
applications which are processed using a electronic score-based
system which gives instant online approvals, this would give
future mortgage clients
and brokers instant feedback.
Head of secured lending, Ian Warrilow at Future Mortgages commented: “We
are also adding value to our second mortgages to
continue to provide fairly priced, competitive products for borrowers.
These new products also prove that we are committed to, and have
a serious future, in the broker-based secured loan market.
The online applications and decisions initiative has been produced
to meet the needs of the increasingly sophisticated introducer
market where technology-based sourcing and decision capability
will become a regular feature."
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