The panel, which includes Kensington, Platform, The Mortgage Business and BM Solutions, gives brokers access to a wide range of market leading sub-prime products, including a number of exclusives.
Brokers can deal directly with a dedicated advice and underwriting team within each lender and will also benefit from additional features, such as a £250 client benefit package on selected products and competitive procuration fees .
Mortgage Next Marketing and IT Director, Justine Tomlinson, said: "Direct 2 Source is all about giving brokers freedom of choice. The sub-prime mortgage market has traditionally been served by packagers, but we recognise there are also a growing number of brokers who like to deal directly with lenders.
"Mortgage Next has never tried to be prescriptive. We'll provide a packaging facility if that's what brokers want, or they can deal direct with lenders if they prefer. The choice is theirs. Either way, they will be guaranteed access to market leading products, a high quality service and competitive procuration fees."
The 'Direct 2 Source' initiative covers mortgages up to 95 per cent LTV for both purchase and remortgaging. Self-certification is available, as are a range of fixed, discounted and tracker rates.
