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Future goes online with sub-prime deals for IFAs

Future Mortgages is poised to become the first sub-prime lender to

provide brokers with mortgage offers online.

Future&#39s website www. future-mortgages.co.uk goes interactive on June 1

and will allow brokers to submit applications online and get mortgage

offers for clients within hours.

Future says the service will allow brokers to write more business in

less time by streamlining the paper-int- ensive application process and

reinforcing the role of the intermediary in the face of new technology.

Brokers will be able to track applications online, access their own

procuration fee account and download any product literature and email

queries or problems direct to lenders.

Borrowers who have their mortgages organised through Future&#39s interactive

service will have lower application fees. For example, a client with a

295 application fee could save 50.

Future is planning to enter IFAs who use the service into prize draws to

win laptop computers.

Marketing manager Michael Bolton says: “The rationale behind the service

is to put the broker first and fore- most by reinforcing it, not

sidelining it.

“We are hoping to give brokers the weapons they need to fight back

against direct lenders.”

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