Principality added to Direct Lender Panel

At the end of last year MCI Mortgage Club expanded our panel of Lenders with the addition of Together Money and Fleet Mortgages as our most recent additions.

As we start 2019 MCI can announce a further addition to our growing panel as we have now added “Principality Building Society” and we don’t plan to stop there so look out for additional lenders in the coming weeks.

Registering with Principality could not be easier.

Simply go to:  https://www.principality.co.uk/en/Intermediaries/Register/Club-Reg-Form and ensure you select your mortgage club as MCI.

Principality told us that they help intermediaries succeed through a strong professional relationship and to deliver the service you require. They have a team of Business Development Managers who are committed to using their expertise and experience to help give you the dedicated support, service and assistance you need to do business quickly and easily.

Benefits of doing business with Principality:

  • Technology backed application processing which means mortgage offers can reach your customers quickly
  • Underwriting decisions are not automated, each application is individually reviewed by the underwriting team
  • Supported by a team of experienced people who can discuss your application, policy and criteria.

If you are already registered with Principality but want to change your payment route to MCI Club, simply register again and select MCI Club as you currently can only have one club registered for your business.

Remember for every 6 cases completed through MCI Club each month your Mortgage Keeper license fee can be refunded my MCI Club*

The good news keeps on coming as we have secured generous net procuration fees matched against all other Clubs.

 

Product Type                                     PROCURATION FEE TO INTERMEDIARY

Residential Products                               0.38% Min £160   Max £2375

BTL Products                                           0.40% Min £175   Max £2500

Product Transfers (Resi&BTL)               0.18%

 

For more information please contact MCI’s Broker Help Desk on 01275 400669 or MCI’s Business Development Manager Ronnie Molloy on Ronnie.molloy@mciclub.comor call on 07523 912644.

Watch this space for more Lender news in the coming weeks.

Kind regards

MCI Team


Get a flying start to 2019

Get a flying start to 2019

An estimated 750,000 mortgages are due to mature in H1 2019.¹ So there’s never been a better time to boost your remortgage business. And we’re ready to help you make the most of this opportunity.

To guarantee a hassle-free start to 2019, we’re launching a limited edition special service promise to support your remortgage business.

New service promise

For residential remortgage cases up to 65% LTV, we promise to take your fully-packaged application to Offer in five days, or we’ll give your client £100. This applies to applications submitted in January, terms apply.

For other applications, our 10-day service promise still stands.

This new service promise is just our way of helping you get your business off to a flyer in January.

To find out more, talk to your dedicated Business Development Manager.

The Virgin Money Intermediary Team

 

  1. Virgin Money analysis based on stock mortgage data from the CACI mortgage market database September 2018.