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NewBuy Guarantee filter available on Mortgage Brain

Mortgage Brain has developed and launched a NewBuy Guarantee scheme filter to enable brokers to identify mortgages from lenders that have recently brought out specific NewBuy products.

The development is in line with the government’s recently announced NewBuy initiative, where first-time buyers need only a 5% deposit  rather than the expected 20% for all new build properties.

Available on all versions of ’All New’ Mortgage Brain, the NewBuy product search facility currently applies to a number of UK lenders including NatWest, Nationwide and shortly Barclays with more expected to come on stream in due course.

Mark Lofthouse, CEO of Mortgage Brain, says: “Our NewBuy guarantee filter will allow brokers to quickly and efficiently source mortgages that have been specifically created for first time buyers looking to purchase new build properties and want to take advantage of the low deposit requirement.

“All new Mortgage Brain is the only sourcing system to offer this facility and by being able to identify these new products, brokers now have a greater choice and certainty of being able to quickly and efficiently source mortgages which best meet their client’s individual needs.

“We continue to invest millions in our products and services and our customers can look forward to further new capabilities being announced over the coming months and years”.


Marketwatch – March 2012

After a Budget that had more leaks than Thames Water, last week was busy, particularly for those working in the high net worth market. Thank goodness for the conditional exchange.

Virgin requires income proof on all applications

Virgin Money has scrapped its fast-track facility for mortgage applications. This means all applications will now require income verification. The lender will proceed with pipeline applications agreed on a fast-track basis, unless there are material changes to the case which take it outside the fast-track requirements. The lender now requires employed applicants to provide their […]


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  • RobJ 26th March 2012 at 2:42 pm

    TheCore sourcing system has already have these products listed but it’s not really a big deal is it?? Less than a handful of products from Nationwide are actually available (and has anyone actually found a client that qualifies yet?). Rob