Private bank and wealth manager Coutts has partnered with a mortgage fintech company to share its products with the intermediary market.
The partnership with Mortgage Brain will allow intermediaries to access Coutts’ residential mortgages via the software firm’s first and second charge sourcing systems.
Mortgage Brain supports lenders, networks and advisers and in April partnered with Amazon to launch a voice activated mortgage search service.
Chris Gallant, associate director at Coutts, said the partnership will make the lender’s products more accessible to firms who may not have previously considered them for wealthier clients.
He said: "As a leader in the market, Mortgage Brain does significant business in the high net worth segment so it made perfect sense to partner with them to help ensure wealthy individuals can gain access to our flexible suite of products.
"Our flexible lending proposition means we are able to create solutions that are tailored to the clients’ individual circumstances, taking into consideration a client’s overall assets and investments, not just their earnings, which is especially appreciated by our entrepreneur clients where the majority of their wealth is tied up in the business."
Mark Lofthouse, chief executive at Mortgage Brain, said: "We have been working in partnership with Coutts over recent months to help launch its products to intermediaries via our sourcing systems and we are absolutely delighted that its residential mortgage products are now available to our customers."
rachel.addison@ft.com
