A direct to lender second charge sourcing solution has been created for advisers in the Tenet group.
TenetLoansBrain will enable Tenet members to help their customers source and compare direct to lender secured loan products from five providers; Shawbrook Bank, Precise Mortgages, Paragon Personal Finance, Masthaven Bank and Step One Finance.
Technology and software solutions expert, Mortgage Brain, has created the system in conjunction with Tenet.
The system is based on Mortgage Brain’s original online secured loan sourcing solution, LoansBrain, launched in January this year.
Other mortgage sourcing and point of sale technology solutions already tailored for Tenet advisers includes MortgageBrain Classic, MortgageBrain Anywhere and the Key.
Gemma Harle, managing director at TenetLime, said: “The launch of our direct to lender second charge panel will bring some real competition into the second charge market and by partnering with Mortgage Brain our members have the certainty and confidence of using the most accurate product data and advanced technology solutions to support their advice process.”
