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Twenty7Tec launches new sourcing system

Twenty7Tec has today launched a combined mortgage, second charge and bridging loan system.

The combined system utilises MortgageSource, Twenty7Tec’s mortgage sourcing system, and LoanSource, its second charge lending system.

It provides comparisons of a remortgage versus a second charge option to comply with the incoming Mortgage Credit Directive in March 2016.

Brightstar, Complete FS and Crystal Specialist Finance are currently using the system.

Twenty7Tec managing director James Tucker says: “Regulatory change driven by MMR and the MCD is fundamentally altering the way both intermediaries and lenders operate and we are an excellent partner to help these organisations use technology to maximise opportunity.”


Jackie Uhi Barclays scroller

Analysis: Helping the ‘move or improve’ debate

The second charge market continues to go from strength to strength. Recent figures from Enterprise Finance saw a March lending milestone of over £75m – its highest monthly figure in five years. Regulatory challenges lie ahead but, with leading players appearing to embrace this full integration, the future certainly looks bright for the sector. The […]


Media Spotlight: The Churchill Factor: How One Man Made History, by Boris Johnson

Boris Johnson is back in Parliament and ready for the top job. The charismatic Mayor of London defies the rules of modern politics with his dishevelled appearance and comedy personality. Boris – he is one of the few politicians known to the public by his first name – is taking an unorthodox path to the […]


Barclays adds borrower bonuses to its affordability calculations

Barclays now takes into account bonuses in its affordability calculations as long as borrowers meet its income requirements. Sole applicants must have a gross income of at least £75,000, excluding the bonus. With joint applications, one applicant must have a gross annual income of at least £75,000 or the couple must have a joint income […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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