View more on these topics

Mortgage Brain launches Debt Consolidator Calculator

Mortgage Brain has revealed a new Debt Consolidator Calculator as a part of its new sourcing system, Mortgage Brain 6.70.

The sourcing system provider says the calculator has the ability to compare the continuation of short term loans and mortgage payments against the potential monthly savings by consolidating all loans.

The Debt Consolidator Calculator will pre-populate data already inputted and automatically calculate all payment options for consolidated loans, including total debts, monthly payments, interest paid and amount outstanding.

Additionally, the new software can produce graphs and comparison documents to illustrate and compare a customer’s current repayments against that of a consolidated loan.

Mortgage Brain chief executive Mark Lofthouse says: “The Debt Consolidator Calculator will help brokers to give more informed advice to their customers and is just one of many new modules integrated into the new system, which, along with a number of other enhancements, makes Mortgage Brain 6.70 the most comprehensive, accurate and easy to use system available.”


Product Matters

A few weeks ago, this newspaper was very kind to publish some thoughts from us regarding the unintended effect of factory gate pricing and transparency.

Elderly are confused by IHT reforms

The Government is being called on to cut the red tape on inheritance tax to help widowed clients who want to use their deceased spouse’s nil-rate band.

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm