The Right Mortgage and Protection Network has undertaken a new arrangement with Freedom Finance’s loan sourcing tool, The Lending Wizard.
The network’s 80 brokers will now have access to Freedom Finance’s ‘soft search’ portal, which aims to help them find the best secured loan products for their customers, as an alternative to re-mortgaging where appropriate.
Martin Wilson, managing director at The Right Mortgage and Protection Network, said: “We have been really impressed with Freedom Finance and The Lending Wizard’s loan sourcing engine and we are looking forward to working with such a progressive group.
“Given that the impending European Mortgage Credit Directive changes will affect the second charge market, The Lending Wizard has the correct and compliant systems in place to ensure we are prepared for the regulatory changes ahead.”
Nicola Mooney, operations manager at Freedom Finance and The Lending Wizard, added: “With our sourcing tool, The Right Mortgage and Protection Network’s brokers can now accurately search for loans for their customers without leaving a credit footprint on their scorecard.
“The current regulatory landscape is reassuring brokers that secured loans are a credible option and should now be considered alongside first charge products when looking for the best possible solution for their customers.
“We are looking forward to building a strong partnership with The Right Mortgage and Protection Network and hope that together we can set high standards for the industry moving forwards.”
