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The calculator provides advisers with the ability to compare the continuation of short-term loans and mortgage payments against the potential monthly savings by consolidating all loans.

It pre-populates data already inputted and automatically calculates all payment options for consolidated loans, including total debts, monthly payments, interest paid and amount outstanding.

The enhanced module can also produce graphs and comparison documents to simply illustrate and compare a customer's current repayments against that of a consolidated loan.

Mark Lofthouse, chief executive of Mortgage Brain, said: "Sourcing systems play a pivotal role in the mortgage advice and sales process and we believe intermediaries will benefit hugely from the wealth of new features and the greater flexibility Mortgage Brain 6.70 provides.

"The debt consolidator calculator will help advisers to give more informed advice to their customers."

Phil Perry, director of Cheshire-based Ark Financial Planning, said: "A lot of advisers are struggling in this market and they are looking at different avenues to generate income, with many diversifying into secured loans. This tool could be quite useful provided it is used in the right away."