36 Skyline | Edition 3 | Winter 2021
MPowered Mortgages are available on the MPowered platform .
Their application process is simple and intuitive , and the system asks only a few questions , with the rest of the data pulled via document extraction techniques or externally sourced . An efficient application process , powered by smart artificial intelligence and deep learning , reduces unnecessary back-and-forth , errors and delays . Additional questions and points of clarification can be pushed to the adviser direct from the underwriter from the point of application .
It ’ s been a busy year and we all know there are emails in our inboxes that we ’ ve never yet been able to get to – which may make you wonder what you ’ ve missed ! If that was any of our new additions to the panel , here ’ s a quick recap of those arriving in the second half of the year which you can still explore and register your firm .
Clydesdale Bank opened its doors to directly authorised brokers in November with the opening line of ‘ Let ’ s do business ’.
As a Clydesdale Bank registered intermediary , you ’ ll have access to :
1 Underwriting that ’ s flexible They don ’ t see customers as numbers . They understand customers are individuals with their own set of circumstances . That ’ s why they have a flexible approach to underwriting complex cases , with the ability to judge each case on its merits .
1 A broad lending policy and plenty of products Great for interest-only , large loans and self-employed , catering for a wide range of customer circumstances .
1 Smarter , slicker service They ’ ve transformed how they process your applications and now underwrite your fully packaged applications upfront , giving you quicker decisions , you can rely on .
1 Help is at hand Clydesdale Bank is very excited about the opportunity to help even more of your customers get the mortgage they need . If you have any questions , you can email brg . team @ cybg . com or get in touch with your Business Development Manager who will do everything they can to help .
Registration needs to be the domain of the principle but if your firm is not yet set up , here ’ s a quick recap of what you need to do .
First of all , you ’ ll need to be registered with Virgin Money . You can do that at intermediaries . virginmoney . com . Once registered , simply email brg . team @ cybg . com with your contact details and your FCA firm details and they ’ ll add you to Clydesdale Bank ’ s panel too .
As a new lender with an efficient system MPowered Mortgages can deliver full conditional offers in a shorter time frame , providing clients with certainty and control . MPowered Mortgages offers Buyto-Let lending products that are flexible and competitive for individual , limited company and portfolio landlords .
Key criteria and USPs :
1 Range of fee-free remortgages 1 2 and 5-year fixed periods 1 No upfront booking fees
1 CCJ – 1 satisfied up to £ 250 in last 3 years
1 Defaults over 2 years ignored 1 Minimum income £ 15k
1 Underwriting begins at the point of application – underwriter and adviser connected in real-time
1 Simple upload for documents and sophisticated dashboard to easily track and manage multiple cases
To register with MPowered Mortgages visit www . mpowered . co . uk / register
For help registering or further information , please contact MPowered Mortgages Broker Support team on 0800 260 5949 or email brokersupport @ mpowered . co . uk .