A brand new price monitoring software for brokers has been launched by two mortgage professionals that they are saying will save intermediaries “a major period of time every single day”.
Mortgage Metrics is a software program service that units alerts throughout a variety of mortgage charges, with out having to share consumer data.
The system then routinely scans price reductions throughout 1000’s of product switch, remortgage and buy merchandise from mainstream lenders, to assist brokers ship higher offers for shoppers between utility and completion.
The corporate has been co-founded by Lee Flavin, who can also be the co-founder of RateSwitch. Chris Evans has additionally constructed the enterprise, who can also be a co-founder of Speed up My Mortgage.
The agency says: “The service has been launched to resolve a rising drawback which didn’t exist in the course of the period of ultra-low rates of interest, and brokers can now trial the service at no cost to start out changing any handbook course of they’ve in place immediately.”
The enterprise says it tracks 1000’s of product switch, remortgage and buy charges from a wide range of mainstream lenders, together with:
Accord Mortgages, Financial institution of Eire, Barclays, BM Options, Clydesdale Financial institution, Coventry BS, Digital Mortgages, Halifax, HSBC, Metro Financial institution, Nationwide BS, NatWest, Platform, Principality BS, Santander, Scottish Widows, Skipton BS, The Mortgage Works, TSB Financial institution and Virgin Cash.