Solent Mortgage Services, the national branded mortgage arranger, is offering intermediaries and their customers access to Equifax online credit reports at a 34% discount to the standard cost.
For 8.25, clients of SMS introducers can obtain their complete file, including details of credit accounts held, CCJs, arrears and IVAs and without leaving a footprint on their credit score.
The service available through SMSs Porthole, also gives intermediaries online access to AIPs and up to three alternative lending solutions for each enquiry as well as online applications, 24 hour case tracking and a full audit of business activity for compliance monitoring.
Kelvin Cooper, managing director at SMS, says: It is vital that intermediaries are able to make recommendations based on accurate information.
By offering this discounted service, SMS is helping introducers meet their obligation under TCF by ensuring that customers are aware of their credit history so that the advice can be tailored exactly to their needs.
Julie Lowe, head of operations at Partnership Mortgage Solutions, says: This is just the kind of service which is typical of SMSs attitude towards helping its introducers and their clients.
“Because of the reduced cost, more customers will want to see their credit files and it will ensure that lending recommendations are more accurate as a result of having access to this information at the start.