The new development is in line with the government’s recently announced Help to Buy initiative, which is designed to help existing home owners and first-time buyers purchase a home with as little as 5% deposit, and sees Mortgage Brain become the first sourcing system provider to offer this service.
Mark Lofthouse, chief executive officer of Mortgage Brain, said: “Our Help to Buy mortgage guarantee product filter will allow brokers to quickly and efficiently source mortgages that have been specifically created for first time buyers and existing home owners looking to purchase a new property or remortgage and take advantage of the low deposit requirement.
“ALL NEW MortgageBrain 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.”
Available on all versions of ALL NEW MortgageBrain, the Help to Buy product search facility currently applies to a number of lenders including Halifax, NatWest and RBS with more expected to come on stream in due course.
