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Twenty7Tec signs flurry of new deals

Twenty7Tec has announced a string of new deals with intermediaries and lenders.

The technology firm will provide its MortgageSource and MortgageApply products to Connells by the end of 2019, St James’s Place on a five-year agreement, and LSL by the end of 2019.

These are in addition to the deal Twenty7Tec struck with Sesame Bankhall Group on 12 February.

Twenty7Tec has also revealed it will be integrating MortgageApply with 15 lenders.

By Q3 2018 it hopes to have functionality in place with Lloyds Banking Group, by Q2/3 with Natwest, Precise, and Kensington, by Q3/4 with FHL, and by Q4, Barclays, Santander, TSB, YBS, and Skipton.

Timelines with Platform, Aldermore, West Brom, Together, and TML have yet to be decided.

Twenty7Tec chief executive James Tucker says: “These deals represent a fundamental shift in the balance of power in the mortgage industry, with our intermediary partners now at the very forefront of technological change”

“Further, in announcing the 15 lenders who have made public their intent to integrate with MortgageApply in 2019, including four of the five biggest lenders in the country, we continue to set the pace in delivering real systems integration between intermediary and lender platforms.”


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