MCI Club features in experts 2017 roundup

Phil Whitehouse, MCI Club managing director, has featured in Online Mortgage Advisor's roundup of whats to come in 2017.

The article pulls together over 20 of the top industry leaders, lenders, experts, economists and gurus from across the industry, to provide a comprehensive review of what's to come, covering hot topics such as Brexit, Lender Funding, Mortgage Criteria, House prices, and the Future of Buy-To-Let.

Phil provides extended insight into broker trends and comment from the mortgage club's perspective.

To read the article in full please visit it here.

Hodge Lifetime - The Interest only time bomb, how Hodge 55+ Mortgage can help

A couple come into your office, both in their late 50’s and still working full time they want some advice on their options in retirement, their most pressing concern? their existing interest only Mortgage and the fact they have not got the capital to repay it in just 5 years time.

Previously the most likely and possibly the only solution would have been to sell up, but this categorically isn’t what your clients want, this is their family home, close to their jobs, close to their hearts. Downsizing may be an option but not for many years. They have not been irresponsible, their hope had been that rising house prices over the long term would mean they built up sufficient equity to be able to more than repay the mortgage, this hasn’t happened. What next? Hodge Lifetime Explains


Changes to Santander's Residential Net Fee

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Yes it's true... Changes to Santander's Residential Net Fee NOW 0.32% Net Proc fee for MCI CLUB members!

NEW! £380 minimum Net Proc fee paid for new business loans over £25,000 and above.
NO maximum proc fee
FULL proc fee paid on total mortgage amount for existing Santander home movers

Coming soon - NEW retention proc fee on Residential & Buy to Let

Barclays - Best ever Buy to Let Products

MCI CLUB are pleased to advise you that Barclay's are launching their best-ever Buy to Let (BTL) products, with a market leading fee-free range.

From Friday 3rd February, our members will have access to their widest range of BTL rates, including:

·         2.09% 2 Year Fixed, 75% LTV with a 1% fee
·         2.09% 2 Year Tracker, 75% LTV with a £1,500 fee
·         2.99% 5 Year Fixed, 75% LTV with a 1% fee

They are also introducing a new 2.99% 10 Year Fixed at 65% LTV with a £2,000 fee. What's more, these rates have been designed to be competitive nationwide.

MCI CLUB New Barclays BTL proc fee rate from 3rd Feb is
NET 0.38%

Kensignton - New to panel

Kensington is a lender that takes a sensible approach to complex Residential and Buy to Let cases.

How Do I Start:
To register to do business with Kensington go to and follow the online instructions.
Ring Kensington Business Development Unit on 0800 111 020 if help required.

If you already registered with Kensington then go to the Home Screen ‘User Profile’ and select MCI Club & move to your preferred list, type your password and save.
Once it states ‘your details have been updated’ MCI will always appear on your preferred list.

To submit a case, on the ‘Submission Route’ screen of the DIP select ‘Yes’ when asked if the case is being submitted via MCI Club.

Payment Process:
MCI will pay your procuration fee to you the day after we receive it from Kensington
Net Fee:
0.40% (No minimum or maximum)

Business Development Manager - Mamie Bradshaw

MCI Mortgage Club has appointed Mamie Bradshaw as its new business development manager (BDM).

The club was launched late 2014 and currently has 19 lenders on its panel.

Bradshaw (pictured) has experience in sales and marketing as well as events management. She will be responsible for the club’s planned corporate events programme as well as managing MCI’s social media activity.

Phil Whitehouse, managing director, of MCI Mortgage Club, said: “At a time of some general market uncertainty I am delighted to welcome Mamie on board at MCI Club as our first field based business development manager.

“In such a short time, Mamie has already proven she will be a major asset for MCI Club this year as she forges even stronger face to face relationships with our top intermediary customers.

“MCI Club not only offers a mortgage club facility with access to a wide panel of lenders and insurers, but importantly technology support through its parent company, Mortgagekeeper, part of the EKeeper Group of companies.

“Mamie will be predominantly visiting intermediary firms that are already associated with the eKeeper Group and working closely with them to not only help them to sell more products but to do so in an effective manner therefore saving MCI Customers precious time.”

Bradshaw added: “To me building relationships with our intermediary partners is most important. I’m very much looking forward to meeting with brokers, listening to their needs and offering any tools and assistance we can to make their day to day job easier.”

Whitehouse said he expects to see significant growth this year and expects to further recruit over the coming months.”