A new variety of second mortgages launched by Future Mortgages

17/07/2007

Future Mortgages have provided brokers with automated credit decisions for any applications submitted via the Internet.

Any 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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