As part of the site’s features, seconds2seconds aimed to allow for straightforward second charge applications and ensure the client was retained by the intermediary.
The adviser enters the client’s details on the online system – including specifics on the loan wanted, property details, and financial history – and a range of options are offered, sorted by lender, type of product, repayment amount and the interest rate. The ‘main’ page of the system allows the adviser to view outstanding tasks with ‘days remaining’ on uncompleted applications, or by details required for continuing enquiries.
Seconds2seconds.com director, Zac Mace, claimed that the real difference between this and other systems was with client ownership. He said: “I am confident that seconds2
seconds.com will not only make advisers’ lives easier but will also allow them to maintain control of their clients and potentially earn more than they would from traditional routes. We are allowing brokers to maintain a direct relationship with the client.
“Secured loans have always appeared quite complicated so our remit was to make it quite simple to bring in people who had some antipathy towards the secured loan market. It is designed to be easy and puts the broker in control.”
Paul White, consultant at Belgravia, said: “There is a place for a system like this, but I’m concerned whether the market is large enough to accommodate it, but I welcome its innovation.”
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