Sesame’s network members can now reserve funds from Woolwich without having to call the lender direct. In turn, the lender will now offer two tranches to Sesame network members; one for new customers and another for existing Woolwich mortgage customers who wish to book further advances.
Sesame managing director for mortgages and general insurance John Cupis says: “This innovation from Sesame delivers value for both advisers and lenders. By using Sesame’s online system, advisers will have alternative access to funds.
“This is the shape of things to come in mortgage distribution and we look forward to working with Woolwich and other lenders to take advantage of this valuable service.”
Woolwich intermediary business director David Finlay says: “It is good to see leading distributors such as Sesame developing new solutions that support mortgage advisers and their clients.
“We have been impressed by the new online system, which enables us to access real-time reservations from Sesame’s adviser base.”
Woolwich was criticised by advisers earlier this year after many were unable to secure funds through the telephone desk.