Home

Mortgage Brain .Net User Guide

Contents

1. Lender B Development Lender f eee z Exclude using Jintial Monthly Payment Criteria Greater or equal to Value 3 Test Lender o Development Lender ZEE o w Development Lender Exclude using Criteria Value Schemes Excluded 5 Test Lender Manual Selection These lenders only lend regionally and my client is outsi Lender s affec 7 Emma Test Test Lender Lorraine Test Lorraine Test S 5 T Sa ey 8 S394 om Progressive B SOC Melton Mowbray Melton Mowbray a Teachers B Society 3 m Vernon BS z 4 2 A amp 1778 Products Not Mat Lender Chelsea B Society Chelsea B Society Q 4 994 304g R Bank of China UK Initial Payment Type not available u 2 800 12m Lifetime Tracker 1 r Total No Of Schemes Available 2 275 r M mustration pdf Zoom Schedule pdf Filters pdf Freehold Main Residence Conventional Country All UK Only products with the following features were selected All Interest Rate Charge Periods sj1e g SLU8UJ5 2 s Before the product was chosen the following exclude criteria were applied to the products on display Manual Selection These lenders only lend regionally Lender s affected Monmouthshire 7 and my client is outside of their Beverley Melton Mow bray regional lending area Darlington a un 2 LJ un When the product was chosen the first 25 out of 490 products on display were as fol
2. Main Repayment Vehicle None 7 More Info gt gt Hide Lender Name from results More Info gt gt TU New Build All Periods T From To months Indude Lifetime Source Now All employers reference More Info gt gt More Info gt gt 3 889 Products available to filter on out of 17 191 Adverse Buy to Let Filters Having selected the Adverse Buy to let option on the Start screen this screen allows the ability to record more specific information for the relevant search to be carried out correctly Sourcing Client Details Property Filters Product Filters Buy to Let CO and Arrears Information CCJs Total value registered in the 0 last 2 years Arrears Total number in last 12 0 months 0 7 tetToBuy Expected monthly rental income of 0 new property 0 0 No Of Existing Properties Total Value of existing properties Arrears Total number in last 3 months IVAs None Satisfied Not Satisfied Houses in Multiple Occupancy I7 Regulated 7 New Build How long ago was the most recent satisfied 0 Years 0 Months None C Discharged Not Discharged How long ago was the most recent discharged 0 Years 3 Months 2 858 Mortgage products are now sourced e When sourcing for adverse products the software takes into account the number of previous CCJs Arrears IVAs and or Bankruptcies he
3. Scottish Widows Bank e t Sy 1839 Products Not Matched ot Cheltenham Glous RBS IP Royal Bank mR saaj 201g A Royal Bank RBS IP Scheme excluded Tracker til 31 03 12 Northern Rock PLC Scheme excluded e 5 090 4790 26m Flexi Tracker til 01 04 12 26m Buildloan BMS Scheme excluded 4 990 3990 24m Self Build 2 yr Tracker IBF 24m t Total No Of Schemes Available 1 898 gt sA By selecting the menu items access is provided to the lenders specific criteria on each of the topics indicated You can also access all lenders websites from here Search for Lender The Search option is accessed from the top toolbar and is designed to enable an easier way of finding a specific lender When clicked this displays a dialogue box with a text box to enter key words that can be searched on This window also contains the options for Next similar to the find function available within Microsoft Word e When Next is clicked the function will move the highlighted scheme to the next lender product on the scheme list where the lender name matches the text entered in the text box The screen will also scroll to the relevant listing ensuring that the lender and product can be clearly seen The search box also displays the number of the product 25 Q Menu f Start Again Q Change Filters New Tab 7 Exclude Schemes E Lender Notes iz KA Q SM seacht search2 Search3 Search4
4. a ALL NEW MortgageBrain ALL NEW Mortgagebre Userguide v1 0 28 www mortgage brain co uk 0871 384 0194 Contents Introduction 3 Register your software 4 Launch Screen New and Existing Clients 5 Recall Client 5 Sourcing 7 Start Screen T Sourcing Screen 8 CoreLogic Ltd 9 Favourite Search 10 Best Buys 10 Top Filters 12 Affordability 12 Client Details 15 Property Filters 13 Product Filters 14 Adverse Buy to let 15 Scheme List Results 16 Overpayment text 16 Multiple Tab Sourcing 17 Applying Filters Re sourcing 18 Multiple Searches 18 Excluded Schemes 20 Scheme Details Fees and Rates Scheme Notes Procuration Fees 21 Excluding Schemes ee Deletion of individual schemes 23 Lender Notes 23 Search for Lender 25 Key Facts Illustration KFD 26 Print Improvements 29 Product Enhancements 30 Toolbar Functionality 51 Settings Functionality 32 Editing Top Filters 33 Introduction This document has been created with two objectives in mind e To help you from start to finish with ALL NEW MortgageBrain highlighting each screen tab during the mortgage sourcing process in order and detail e To provide you with detailed knowledge of specific new features of ALL NEW MortgageBrain simply return to the contents page and click on the area of interest as you need to ALL NEW Features ALL NEW MortgageBrain includes the ability to source and apply for a mortgage with a number of added features You can produce IDDs
5. Reasons Why Insurance Protection MTE Add Document Case Complete Affinity Club Conveyancing Overseas Commercial Valuation Credit Check Equity Release Secured Loans Mis Mary Mungo Mt ThveeThvee Test 1 New Version New Veesion Road New Version Town Nv3 4RT Mi wibbie wobb w Mi Fast Time Mi Lerrw Lima Mt Twentynit December M 1 Hary Hemet Mt Alan Apbesbury Reece Cent View Chart List Cancel J az Document Man el Hfpeoseseiecavsue_ T Hide Incomplete Factfind RFR T Show Latest Duplicates Only Docurnents Displayed 0 of 0 Apply Filters j _ Reset Filters Add Document Sourcing e If the client required is not one of the last ten clients saved then there is the ability by pressing View Client List see screen above to display all clients saved in MortgageBrain shown below Factfind Sourcing Reasons Why Insurance Protection MTE Add Document Case Complete Affinity Club Conveyancing Overseas Commercial Valuation Credit Check Equity Release Secured Loans Debt Resolution e The search facility can be used to locate the client either by surname or first name Once the client has been chosen by clicking Recall Client this will display the chosen client in the launch screen together with their respective client and mortgage data and any documentation previously saved T MP j a Lesd Pa Lesd 120614 2 111 St James s Road m 111 St James Road 111 St
6. the Delete screen is displayed as below Specific criteria can be selected by utilising the drop down boxes and entering the parameters e g total fees greater or equal to 1500 When this deletion parameter is added it will then display the number of schemes that fall outside of this criteria and will therefore be deleted as shown below 21 9 Mortgage Brain w cp ES Source 1 ER 1597 Products Matche Lender Woolwich Woolwich Lloyds TSB Inter Exclude using Overhang Rate Control Lloyds TSB Inter i Emma Test Variable Rate Hinckley Rugby BS Hinckley Rugby BS Development Lender wy First Direct n M First Direct 24m D First Direct First Direct 24m First Direct 36m First Direct 60m e lt 4 763 Products Not Mate Lender Emma Level 3 o o Test Lender O o Emma Test Test fpl Emma Test Shared Ownership scheme only 2 500 4 790 5m Tracker til 01 04 13 Test q Total No Of Schemes Available 2 360 The schemes however are not deleted permanently Instead they are moved into the bottom half of the screen and will be retained in the not matched section of the screen as shown below Mortgage Brain e 2 werhang a P Period o Alliance Leicester e 2690 4990 733 19 525 24 m 18 119 2 yr Tracker 14428 24m 160 000 Ej ING Direct 2640 3 500 729 12 965 24m 1846
7. 30 182 789 277 380 51 132 NOTES 3 2 poj PSdEccci sam saoo R gt e A sien sdi kwa Lending based on affordability please refer to TMW website w L G Club Accord 23m 150 000 900 325 95 90 182 789 277 380 51 132 2 Split loans allowed please refer to lenders website for KFI L GClub Accord 59m 150 000 1 900 325 95 90 173 959 266 362 45 352 PMS Accord 59m 150 000 1 900 325 95 90 173 959 266 362 _ 45 352 Reese Houses 85 LTV Max or product LTV whichever is Z Paradigm Accord 59m 150 000 1 900 325 95 90 173 959 266 362 45 352 a Build Flats 75 LTY Max or product LTY whichever is lower un Paradigm Accord 23 m 150 000 1 900 325 95 90 183 789 278 380 52 132 2 s TMW Residential Remortgages with Additional Borrowing or Capital m PMS Accord 23 m 150 000 1 900 325 95 90 183 789 276 380 52 132 Raising on a Mortgage Free property which include non home 2 L G Club Accord 23m 150 000 1 900 325 95 90 183 789 278 380 52 132 improvements will be restricted to a maximum 80 LTV gt o Abbey 24m 150 000 250 2 250 225 175 996 239 045 46 509 a z I a gt s 64 1 526 Products Not Matched out of 3 019 Hide Section E jaagt j First Reason val C y Initial Yariable z Cost inc fees iaria For Exclusion ver Chk MTE Rate Rate pean amp ERC Syrs 3 a ING Direct Scheme is a Direct Product 1 900 3 500 26m DIRECT Discount Variable til 30 11 13 Skipton B Society Loan required too low 1 980 4 950 24m 2 yr Tracker HSBC Bank Sche
8. Balance Repaid u Portable ves Payment Hol Na i J Ovemprsmente No Unieowma z Mo NSE x z x 14 1 682 Products Not Matched out of 2858 oe Secon i Boron Bock Ne 2 La 1882 rodorts Mot Matched fut ot 2653 te oe Neateoes far Exckesion gt LTV 200 high Progressie 3250 4750 em 2yr Otstcurt Varao e n Evje hih Progrenne Q305 1190 e a yiio Votidtka Legal Incenttees LIV toe hgh Test terier 3250 ATO 120m DIRECT Test14 200 pr Fome 5 ibaa TON a wor soe PTY ZR Min LTV nat matched Hatiomakie BSze 3290 396 24m Ma LTV rot ma ched Nationayde Bos Jw 1 ae 2 yr Tracker Min LIV not mstehed Nsbonawie boze 3260 1850 2m zest ng NS 2 r Tracker Min LTV rot meshed Nationwide 0507 100 Jen ue Costing NOS 2 ye Trecker LTV toe high Chefenton Oow 3200 2506 16M DIRECT Tracker tih 31 04 12 gt UV too hgh Chetterhem Gious 30 250 w ORECT Packer 1 31 01 32 m mu Total Wo OF Sch table 2 558 Natal tu Of Seliyane walkable 2458 z Mortgage Brain o x I Mortgoge Brar o x Q Menu g Start Again Change Faters New Tab jj Delete schemes gt aj tender Notes fit KFL Q Search gt AM sehi Search 2 Search 3m Seaecm4 Sechs 75 Notes iz KAO seach i gt r r S Meny Stat Agia Change Hitters 1 Nem Tab Ti Delete Schemes JJ S searh1 Search 2 Search Seans Search EB 375 Predus
9. Borrowing Broker Fee Valuation Fee Loan to Value Valuation Admin Fee Adjusted LTV i Booking Fee Arrangement Fee Added Fees Higher Lending Charge Fees Remaining Deeds Release Fee Sealing Final Repayment Fee fo Telegraphic Transfer Fee 28 Total Initial Fees 1657 Produce an illustration Procuration Fee Calculator Loan Amount 170000 Percentage OR Basis Points Fee is payabie to Fixed Amount Amount s paid if Non Cash Benefit Minimum Maximum _ Procuration Fee Amount Tota Procuration Fee REFER If fee is less than 250 display exact amount z Name s of any third parties and amount payable required Produce an illustration Payment Protection Frequency Include on illustration Payment Protection Buildings and Contents Buildings Permanent Health Insurance PHI Required Insurance Mandatory amp Tied Insurance 28 The Term tab allows the ability to include a third party quotation by clicking on the relevant icon for either term amp critical illness cover decreasing term or whole of life The quotation can be pulled back into the relevant tab and subsequently included in the KFI Similar to the insurance and term tabs the conveyancing tab also allows the user to link off to a third party provider to produce a quotation for the client All data is pre populated from Mortgage Brain to the third party ensuring that no rekeyi
10. KFI showing the overall value of the property being purchased as well as the value of the share The property value as well as the value of the share is shown in the scheme report e New build filter this allows for different max LTVs for both houses and flats e A minimum property value filter has been included e Support has been added for fees that have to be added to the loan There are no changes to the scheme list but the KFI checkboxes have been set to Add to loan and greyed out e Split loans support for products where the max LTV is the repayment provided that the interest only part doesn t exceed the max Interest Only LTV e g Abbey Currently the max LTV for a split loan is the interest only max LTV 30 Toolbar Functionality 31 Mortgage Bram Menu StartAgain Change Filters NewTab DeleteSchemes Bj Lender Notes R KA Q Search gt Q37 Menu File gt Print Delete Schemes New Tab Delete Current Tab Exit Filters Options Tools gt Options Turn Menu On Hide Non Matching Schemes Show Scheme Details Show Large Icons Icon Text gt Show All Text Show Selective Text No Text Show Favourites in New Tab Help Start Again provides the ability to start sourcing again with the same client Change Filters allows the option of changing filters for a previously sourced tab New Tab creates a brand new tab to source a different scenario Print Delete Schemes allo
11. Max Overhang months 7 Not Stepped Portable Art Booking fee can be added Free Legals Free valuation Shared Equity 7 New Build I Hide Lender Name from results Reserved 0 Spaces Remaining saley g see S SIiejeq aways K Sa1oN ways HI 994 301g FL
12. accessible through Launcher Favourite Search A favourite search is best defined as a base search that can be set up stored and applied to the client search whenever applicable This prevents the need to apply the same filters each time the user meets with a client For example if all current business is based on a 3 year fixed fees free remortgage a base search could consist of the following filters being applied Purchase type Initial rate type Rate control O O O 9 Filters Remortgage Fixed 36 months to 39 months Free Legals Free Valuation By selecting these filters and saving the favourite search this negates the need to apply these filters each time a client is met who requires this base search e The favourite search can then be selected from the drop down list and any additional filters applied on an ad hoc basis as applicable e There is no limit to the number of favourite searches that can be set up and saved The setting up and saving of a favourite search is documented within the Settings section gt A eee ee M kk yi Mortgage Start Again jy Favourites 7 Settings Help Favourites Best Buys Client Details Property Filters Product Filters Property Type superbly a srate Top Filters O Favourites BestBuys z gt gt 2Yr Fixed Schemes Only 3 r Fixed Schemes Only JSYr Fixed Schemes Only Tracker Schemes Ont Applic
13. and the estimated legal fees this will also display the potential cost saving for the client if applicable if they were to switch to a different lender and or product gt o Mz o Mortgage A AMA A A s _ Current Mortgage Details Lender Panel W Specify Current Lender All Lenders ECSC Existing monthly f Right To Buy RTB payment Cost to redeem Buy To Let existing loan now Include Adverse Estimated legal fees You have a saved search for this client from 02 11 2009 6 688 products are available to source from e Lender Panel or Selected Lenders can also be chosen from this screen If applicable the Lender Panels can be customised and saved by default under the Settings option in the menu bar more details on page 36 e By choosing the Specify Lender option this enables the selection of up to five lenders to be selected for sourcing on an ad hoc basis e There is also the facility to source withdrawn products if there is a requirement to reproduce a KFI for a previously withdrawn product The withdrawn filter can be found on the Product Details tab waz M m O mg Mortgage i Purchase Type Current Mortgage Details f Home Mover Specify Current Lender First Time Buyer Remortgage Existing monthly Right To Buy RTB payment Cost to redeem Buy To Let existing loan now de Ad 7 Include Adverse Estimated legal fees f UK Product
14. calculated on cost over the specified time period cost inc fees amp ERC over Nyrs displayed in ascending order The columns displayed are fixed by default and cannot be modified As the best buy tables are designed as an opportunity for discussion with a client a KFI cannot be produced from the best buy tables By double clicking on one of the schemes within the table this will display all products for the Initial Rate Type or Rate Control period in a separate tab Hence there is the ability to display multiple tabs for each scenario chosen Mortgage Brain s e is fo Menu 4 Start Agai c Filters 5 NewTab amp Exclude Schemes FR TotalCost Jj LenderNotes A4 KA Q Search 44 7 z Ss OT SS lt a CK OCEy ee s pic ee waka W APESI Three year Best Buys 3 ER Best Buy Tables for Top 5 Products within chosen category Close Tab X Three year Best Buys Fixed Click for all results Initial Variable Tie Costincfees Rate Rate Rate Payment Fees In amp ERC 3 yr Control Test Lender 4 750 5 740 85518 1030 24m 29 148 36m Test12 3 yr Fixed Tracker SC Pink Direct Platform 4 640 4 750 845 71 810 36m 32873 _ 36m Flexible Fixed til 01 12 12 Personal Touch Pla 4 590 4 750 84143 1010 36m 32920 36m Fixedtil01 12 12 Openwork Platform 4 590 4 750 84143 1010 36m 32920 36m Fixed til 01 12 12 L G AR s Plat 4590 4 750 84143 1010 36m 32920 36m Fixed til 01 12 12 Three year Bes
15. excluded 4000 26m Tracker til 31 03 12 26m Northern Rock PLC Scheme excluded 4790 26m Rexi Tracker til 01 04 12 26m Buildloan BMS Scheme excluded 3 990 24m Self Build 2 yr Tracker IBF 24m m Total No Of Schemes Available 1 898 22 Deletion of individual schemes ALL NEW MortgageBrain now includes the ability to delete individual schemes from the scheme list Schemes can only be deleted if a reason is entered into the prompt box The reason prompt will be at lender level to avoid unnecessary repetition The number of schemes deleted per lender and the reasons text will be included in the Filters Letter The screenshots below show the process of deleting individual schemes Mortgage Brain KO ry 1 3 B 497 Products Matched g B Lender Development Lender Test Lender Intial Monthly Payment Intial Rate tender i J Manual Selection ng ng Oyerhang Tie In Total Fees dal Development Lender s iejaq 8W8425 Development Lender Test Lender 20 t bbr Emma Test 20 t bbr Test Lender Lorraine Test Lorraine Test r r o o lt oo A 5 a ie sejey 3 see 2 Progressive B Soc Melton Mowbray 20 Melton Mowbray 20 0 z Teachers B Society 20 3 Vernon BS 20 i 5 A 4 1778 Products Not Ma Lender Mansfield Chelsea B Society Chelsea B Society 4 saoj J01d FR
16. of 3 019 Close Tab X Scheme Details Fees 8 Rates Scheme Notes Proc Fees Cost Inc OVERPAYMENTS R spal p ate OE reed nych HLC Arrange Survey Booking TAP TAP Fees a Lender F al Advance Cashback z Added nee a Fee Byr Syr Tenn Ex ERC An overpayment is a payment that is in addition to the minimum Syr payment you must make each month The minimum payment is un shown in Section 6 s Skipton B Society 24m 150 000 1 800 455 195 125 178 482 253 603 48 436 oO You can make lump sum or reqular overpayments of up to 20 of a Z A O N E EAEE the mortos in each complete 12 month period from the date the 5 Paradigm Accord 23m 150 000 1 900 325 95 90 183 186 277 627 51 740 mortgage starts until the end of your initial rate period without having to pay an early repayment charge Amounts above this are w PMS Accord 23m 150 000 1 900 325 95 30 183 186 277 627 51 740 subject to an early repayment charge as detailed in Section 10 an L G Club Accord 23m 150 000 1 900 325 95 90 183 186 277 627 51 740 After the initial rate period there are no restrictions on the amounts rz TMw Residential 26m 150 000 1 500 490 99 145 177 330 249 575 47 508 that you can overpay If you make an overpayment the amount you owe us will be reduced immediately and the amount of interest you a TMW Residential 26m 150 000 595 490 99 145 178 092 250 655 47 700 pay will be reduced from the first day of the Following month a Paradigm Accord 23m 150 000 900 325 95
17. 0 EMO 10834 1235 em 7919 2y fees TMT iT z AToM 1G 6a 3 740 3228 24m 1513 ZyFocd GEM 1 GEM1 S AToM 6 6340 5740 113503 3225 Hm 1915 2y fees GEW1 GEMI forces Ltd aon 4 740 320 im 1817 Zw omdiT WI ttt k 3 larcue Lid acan KMN 105947 1364 24m 18951 Forfet TMT tru 3 m m 4 TU 1462 Products Not Matched iout of 7 550 Hues l hed i F uj a 3 ETW tee leg Progresuve Biot 32 34353 24m 2 yt Discourt Variable mn ETY tec Noh Progressive Bac 3 258 asa om 2y Dscoun Variable ps LTY too high Test Lender 3259 4799 129m DIRECT Testid 30 yr Fred 3 ETY tee high Test sender 32 4799 10m DIRZTT Tez 10yr Feed 3 Min LTV sot matched o e 3280 3550 Mn 2 yt Tracker Min tTY mol matched Nalionade Sac e 3280 390 Mm 2 yy Tracka Min LTY wot matched Naticowide Nior Im 390 21m Casting NDS 2 Tracker MIA ITY wot matched Hstionaice Soc 3206 33 gt 24m Cesting NOS 2 yr Tracker 4 LT teo High Cetlar um Chou 320 2500 28m DIRECT Trader tit 31 01 12 af _ ETW tee high Chefeteatn Glow 110 23500 Bm ORECT Tracker ti 3121 17 Ca WIE gt Total Wo Of Schemes Avadable 2 858 Total Mo Of Schemes Available 7 558 z a za Excluding Schemes The results within the scheme list can be further reduced by using the exclude schemes button to remove schemes that may still be outside of the client s required criteria For example schemes with fees over a certain amount schemes with overhangs etc When accessing the dustbin icon
18. 1 DIRECT 2 yr Tracker 24m 160 000 Alliance Leicester 2 990 757 91 30 36m 18 219 Lifetime Tracker 14461 36m 160 000 5 Alliance gt Leicester e 2 890 749 62 525 36m 18 516 Lifetime Tracker 14458 36m 160 000 a PMC A L 2 990 757 91 370 36m 18 559 Lifetime Tracker PMC136 36m 160 000 ies Abbey 3 290 4240 783 09 125 36m 18 669 3 yr Tracker D151H 36 m 160 000 250 n PMC A L 2 890 749 62 865 36m 18856 Lifetime Tracker PMC135 36m 160 000 8 Dunfermline 2 790 5 190 747 90 Refer 24m 19 048 DIRECT 2 yr Tracker 24m 160 000 ad Nationwide 8 Soc e w 2 940 3 990 753 75 504 24m 18 591 Tracker for 2 yrs Purchase 18332 24m 160 000 a Nationwide B Soc 2 940 3990 753 75 504 24 m 18 591 Tracker for 2 yrs EX Borr 18337 24m 160 000 Nationwide B Soc e JE 2 340 3 990 753 75 504 24m 18591 Tracker for 2 yrs Purchase 18343 24m 160 000 Nationwide BSoc f 2 940 3 990 753 75 504 24m 18591 Tracker for 2 yrs EX Borr 18348 24m 160 000 Nationwide B Soc s 2740 3 990 737 28 900 24 m 18 593 Purchase 2 yr Tracker 18249 24 m 160 000 al Nationwide B Soc e i 2740 3 990 737 28 900 24 m 18 593 Existing NBS 2 yr Tracker 18254 24 m 160 000 3 Post Office Mtgs 3 690 817 39 794 12m 20411 DIRECT Lifetime Tracker 12m 160 000 20281 Professional 2 vr Tracker Offset 24m _ 160000 F Hide Section 4 al I Cod 3 Cheltenham Glous Scheme exciuded 2500 25m Tracker til 29 02 12 DM 72 D 7 RBS IP Royal Bank Scheme excluded 4000 26m Tracker til 31 03 12 26m 8 Royal Bank RBS IP Scheme
19. 417 DIRECT Premier Tracker for Term 160 000 HSBC Bank 3 640 13 06 30 57m 19 544 DIRECT Prem FF Tracker for Term 57m 160 000 f HSBC Bank 3 590 3 940 808 74 222 24m 19 627 DIRECT Special 2 Year Discount 24m 160 000 HSBC Bank 3 590 3 940 808 74 222 24m 19 627 DIRECT Homebuyer FF Disc 24m 160 000 z Bank of China UK e s 2800 742 20 1805 12m 19 618 Lifetime Tracker 12m 160 000 First Direct 3 240 778 86 Refer 19 722 DIRECT Lifetime Tracker Offset 160 000 a HSBC Bank 3 490 800 14 521 19 724 DIRECT Standard Tracker for Term 160 000 E HSBC Bank 3 640 813 06 222 19 736 DIRECT Prem FF Fixed til 31 08 11 160 000 HSBC Bank 3680 813 06 222 19736 DIRECT Plus Fixed til 31 08 11 160 000 gt H X 748 Products Not Matched out of 1 898 Hide Section ge First Reason Initial Variable Tie Cost Inc Fees Product Overhang Rate Cost inc fees For Exelusior inos Rate Rate h Ex ERC 2yr Code Period Control FEE 2 ens 3 le Conti Spain 5 LTV too high 2 170 Lifetime Tracker 5M 7 Conti Portugal 1 LTV too high 2 210 36m Lifetime Tracker 1A 36m a Conti Spain 5 LTV too high 2220 Lifetime Tracker 5K Conti France 9 Requested term too high 3950 2 220 36m 5 yr Fixed 9A 60m AIB Bank PLC Rate Control From Date not matched 2400 2 250 1 Year Fixed HL New Business 0021 12m A 4 m Total No Of Schemes Available 1 898 17 Applying Filters Re sourcing To create additional tabs the New Tab button can be used from the toolbar or al
20. 5 Sekr Jm 119246 Shared Gwnenstrp 1 ye Dist Vieriahle Fret Mutiolet 5 Smal Mutole s F MTimes OHC 10750 163556 Reer Sim Shared Oarersho 1 yr Disc Veraate SC Teleprapnic Transfer 2 Cheshire Mortgzge Co 182533 Rekt 2m 122533 Shared Ownership Standard 5 Pam SC Second Mutiale 3 Gtd Overtime Mi 50 Chesnre Mortgage Co 12750 126533 Reir 36m Shares Owrerstip Stansard Fisnsc Cooker tn Joint Matin 5 Reg Qvertime rep 50 i 23 534 c Lk e 2 wa Kitine acide 558 Ree m 122533 Shared Oemerstip Standard 45 Pen S scarica gt ZEE Mines OC 12750 185539 Fer sem Shared Osrership Stanzard 63 Fina C as ka MTimes igeoep 6 080 2742 10884 Reefer 81858 2y Asa iTMt im et eens rH M SER MTimes grot s 6040 8740 1084 Roir 2yr sza LM 1 timi masek iia An g 13 Mnie Mistis 0 m a A ra Gw Z mes igrowp 60 UJ 119503 Seler 0302 Ly Meg GEM 1 G M1 smage 79 MarLTV 35 Z Mines lt Igsaugs 60 RMO 139508 Astir 2 yt Bata GEM 1 GEM Deeds Peal Pear 103 Arwt Paymerk AToM IG 2740 10004 1228 am 79306 2y ised TM t ima wan toms 3000 back ink 3 ATEM 6 60 EMO WAN 328 24m IRS 291 ami LTR 3 LM Seating Firal Feet wa Tied Incurance None Rea Insurence ToM IG 145 119 2 gt 51635 2 GEMI A z i Awo BRNO 11609 32 Mm NaS 2 ypr Peed GEM 1 GEMI AToM IG 874 119503 1228 24m 1525 Zywfw eaGEM1 G M1 tarty Repayment Charge loya Lie AJ OWA 32 Jam 70372 2w Awa 7M t TONE Shhh ich a hr al F lorem k a OMD GMO 16a 1201 m 1957 Zarhs d Lite in 275 7 af the
21. 7 Current Account l Offset Overpayments Free Legals Free Valuation 7 No Higher Lending Charge HLC To amend existing tabs simply ensure that the tab to be amended has been selected and then choose the Change filters option This will display the Sourcing screen allowing filters to be amended as applicable It will also provide access to the other filters screens To apply the changes to the results tab simply click on the Source Now button Multiple Searches Criteria Having carried out multiple searches there is an easy way to find out what criteria is contained in each search e Hover the mouse over the different tabs and a tooltip will be displayed detailing the criteria of each search or by selecting the tab list button highlighted below this will provide a summary of the search criteria used in each tab The required tab can then be chosen by clicking on the relevant summary box e Search tabs can also be closed if no longer required by using the standard windows cross on the right hand side of the screen 18 Start Again Change Filters NewTab Exclude Schemes JJ LenderNotes fiz KH Q Search i gt Q7 BEF rent Search 2 Search 3 Search 4 Search5 fy Search 3 Search 4 J y otal No Of Schemes Available 1 898 e Any search screens
22. 90 5 990 992 81 1324 58m 61 190 Fixed til 30 09 14 5 Income Multiples w e i i 5 Newcastle 4 990 5 990 992 81 1 324 58 m 61 190 Fixed til 30 09 14 First Multiple Single Multiple 8 Newcastle 6 250 5990 112144 330 25m 66 838 Fixed til 31 12 11 Second Multiple Gtd Overtime 7 Joint Multiple Rea Overtime f Standard Life Bank 4 7 340 5970 123865 2358 37m 78 758 Fixed til 31 12 12 BTL RUS z ta Standard Life Bank 4 7590 5970 1266 25 1348 37m 78 992 Fixed til 31 12 12 BTL RJH Prouact Kanuma Min Age 18 MinLTV 0 Min Salary 0 m Darlington 3150 5 950 81948 2 075 24m 60 377 Discount Variable til 30 11 11 119 Max Age 75 MaxLTV 60 2 oO Darlington 5 950 109012 375 65882 Standard SVR Min toar Wax oars 300000 3 Tied Insurance None Rea Insurance Beacon Homeloans 5 750 106948 Refer 36m 71498 Lifetime Tracker Prime Plus PP80 L rr Ioswich 4740 5490 96822 1534 61245 Discount Variable til 31 01 13 itera game ret w lt m Portable Yes Payment Hols Yes Overpayments Yes Underpayments 1 882 Products Not Matched out of 2 858 z First Reason Initial Variable Cost inc fees For Exclusion y E E Rate Rate amp ERC 5 yt za _ Reasons for Exclusion LTV too high LTV too high Progressive B SOC 2 yr Discount Variable Scheme is a Direct Product LTV too high Test Lender DIRECT Test14 10 yr Fixed Min LTV not matched Nationwide B Soc 2 yr Tracker Min LTV not matched Nationwide B Soc ff Existing NBS 2 yr
23. ASKA Avect til 41 01 14 ns Loan Oetats 4 WoAmich 6330 24 L LIS JEm 2234 Fies VI J1 01 1 075 249 Barclays Bark Base Kate 1 374 thereatter baree w t 3 Wootaich gt 2499 16703 553 26m 17 fed 310112 cm Dzia Piia 1 Cashback 0 nh Wootedcn 3880 259 1678 19 26m S0457 Fies tii 31 04 12 cm Woohwen 2460 29632 s2 26m Fiata til 31 01 12 cu See cea Mortgage must start by 3 Wootench 2230 240 man 160 26m 50850 Flops ti 31 01 22 cru Ee Amount Mable 21 1000 Ra ew Informatia Wootwich 1380 24 362 o Jm fined 310113 Dw at Weootesct 2 dm 26 m m ie EP recta gm Deugton Fees When Payable nabit AHO 2400 6426 839 ism 3081 Fed til 31 01 13 DIE sze c Za s B Was nitt AM 2A di 120 sim 44091 Fine li 41 01 34 ov wis Rate 639 APR Valuation 355 Ou MTS Ave SWG CMC 127 163558 36m 113655 Shared Ownersho 1 Dist vanisbie 5C mil Th s Rite Corteot 3t A SMS TMC 10790 12750 103436 272 Wm Shared Dererstng 1yr Disc Versie C AREEN ye 4 P NJ U a bo c 993 eat Urarze Rabe 1 lam 38 ous PUC 2250 18338 azo em pra hip Stancard 65 Flan sE 2 SMS Cte 1834 34 272 16m 122 040 Share Ownorsthigi Sharta 66 Pa C Crome Fe lod iad i SUS C 32730 05 59 z t SateG Darershp Stenoard 65 Flan SE Arrangement 399 Selve MTG Starts Cheshire Momgspe Co 127 163556 som 119248 Shares Ownership 1yr Disc Varisble SC 2 Chem re Mortgage Co 10750 12730 162336 Retr Sem Spares Owrerstvo 1yr Disc Vertaile SC Boca Nz wa Income Multigies u re z m Times CWC 27 16355
24. Bank of China UK Initial Payment Type not available w 2 800 12m Lifetime Tracker m r Total No Of Schemes Available 2 275 9 Mortgage Brain l Initial Variable Monthly Total ende Ver Chk MT oan em TE Rate Rate Payment Fees s iejaq aways Monmouthshire SR i i 156 92 2 yr Discount Variable Monmouthshire 5 157 50 2 yr Discount Variable I HI Beverley 16042 3 yr Discount Variable Beverley 16042 si 3 yr Discount Variable Offset Z R Melton Mowbray v i 16042 2 yr Discount Variable Offset Newbury CA i 162 75 2 yr Discount Variable Darlington as 4 162 75 Local Area Tracker til 31 07 15 Holmesdale B Soc 3 2 yr Discount Variable Earl Shilton B Soc 2 yr Discount Variable Earl Shilton B Soc 2 yr Discount Variable Cambridge BS 2 yr Tracker Leeds B Society Intro Only 2 yr Discount Variable Darlinaton Discount Variable til 31 10 14 Please provide a reason for removal These lenders only lend regionally and my client is outside of their regional lending area Chelsea B Society e 3 ect P 7Y TY IR racker ti Chelsea B Socie Bank of China UK Initial Payment Type not available 2 800 12m Lifetime Tracker sm 4 m Total No Of Schemes Available 2 275 _ 23 Mortgage Brain X ID poy PM RZ SF Search 1 5 B 497 Products Matched g l
25. Client Factfinds Compliance Filters Letter Reason Why Letters and complete mte lender applications all of which are saved into the client file within MortgageBrain ALL NEW MortgageBrain features a wealth of new functions most of which are unavailable elsewhere in the market e Multiple sourcing by client e Excluded products and reasons why e Save Favourite searches e Guaranteed product accuracy e 90 of sourcing from a single screen e Client specific best buy tables e Procuration fees e Quick and easy data import e More filters o Add fees to loan o Split loan filters e Max LTV Column e Select your own top filters e Exclude individual products e MMR preparation o affordability calculator Register your software Getting you started 1 10 11 Once you have requested the software you will receive an email with the download link site reference and password click on the link to register The File Download box appears select Save Save to your desktop This will take approximately 20 30 minutes When this has completed select Run Complete the licence agreement by clicking Next select Finish to complete You will now need to restart your computer Once restarted double click onto the MortgageBrain desktop icon A message will appear stating that you must be registered before you can launch ALL NEW MortgageBrain Select Yes Select Register then click on Licensing This will bring up Licensing and Regi
26. James s Road 111 S James s Road 111 StJames s Road 111 StJames s Road 111 St James s Road Sourcing Start Screen e Ifyou are on the MortgageBrain launch screen select Sourcing The Start screen provides the ability to select the Purchase Type whether it is a Buy to Let property or whether the client has adverse credit history If one or both of the latter are selected the Adverse BTL filters screens will become active and accessible from the tabs at the top of the screen more details on page 12 NOTE Until the purchase type option is selected the user cannot proceed to the sourcing screen Mortgage y StartAgain jj Favourites 47 Settings Help Base yee Current Mortgage Details Home Mover Lender Panel First Time Buyer Au Lenders gt Remortgage I Specify Current Lender Abb ey Y C Specific Lender s mais are ee Existing monthly Right To Buy RTB payment Buy To Let Cost to redeem existing loan now 7 Include Adverse Estimated legal fees You have a saved search for this client from 02 11 2009 6 688 products are available to source from e The Current Mortgage Details section only applies to remortgage cases By specifying the client s current lender this enables product transfer and retention products to be displayed in the sourcing list e By completing the existing monthly payment the cost to redeem the existing loan now
27. Tracker m Total No Of Schemes Available 2 858 Being able to display the reason behind the excluded schemes also allows the ability to advise the client that by changing one or more of their criteria where possible they may be eligible for a scheme that initially they may have thought was unobtainable 20 Scheme Details Fees amp Rates Scheme Notes Procuration Fees The results screen provides the ability to retrieve further information on the highlighted product by using the pop out window on the right of the screen e The data in this window includes scheme details fees and rates and scheme notes e The fourth tab displays a list of generic proc fees available through specific distribution channels for the highlighted product The fourth tab may not be seen if you are an appointed representative Mortgage reir Mortgage Brain O PET searen a search 2 Search 3 Search Seans R 376 Products Manches out of 2 G Meme 48 Start Agin Qi Change Filters 7 gt Newa Dj Delete Schemes GQ Linder Nota Ee KF Dy Smart 27 gt GR FPEF sehi seen 2 search 3 Seacht Seach5 f3 2 976 Prottucts Wami net of 28 scheme Fees scheme fees Notes Procrees Mates Pree Foes e Wealwich ede 15 shoes D 2 Rate Information hard tri 11 01 13 42066 6 29 Fined 6 29 unii 31 01 0023 and then Wontairh ata 2400 1 9 J m R
28. _ Search5 5 1 879 Products Matched out of 1838 A pasi a Match found on row 93 E Search in the Lender column w Halifax 19800 Tracker til 28 02 12 a Halifax 3240 3500 778 86 1 200 26 m 19893 DIRECT Tracker til 31 03 12 _ rei a Loughborough BS 4990 93441 539 12m 22 964 DIRECT Standard SVROL 8 Mtg Box Plat 3290 4750 783 09 1 010 36 m 19804 3 yr Tracker a Personal Touch Pla 3290 4750 783 09 1 010 36m 19805 3 yr Tracker E Mto Next Platform 3290 4750 783 09 1010 36m 19504 3 yt Tracker Pink Direct Platform 3290 4780 783 08 1030 36m 19804 3 yr Tracker L G Club AsL 2890 4990 749 62 1705 24m 19693 2 yr Tracker 14235 Z Mtg Box Plat 4090 4750 85251 0 25m 21471 Fixed til 29 02 12 a Personal Touch Pla 4090 4750 85251 1010 25m 21471 Fixed til 29 02 12 Pink Direct Platform 4030 4730 85251 1010 25m 21471 Fixed til 29 02 12 z Pink Direct Platform e 4090 4750 852 53 1030 25m 21471 Aenbie Fixed til 29 02 12 Cheltenham Glous 4490 88842 1929 23 252 DIRECT Lifetime Tracker g Alliance Leicester e 3 390 4990 774 64 1205 36m 19796 3 yr Tracker 14244 a Halifax 3140 3 500 77044 1 700 36 m 20191 DIRECT Tracker til 31 03 13 Kalia e 7 2390 3500 791 59 1204 25m 20202 Tracker til 28 02 12 CLD285 y 5 TU 1019 Products Not Matched out of 1898 gt s3aj Joug A Conti Spain 5 LTV too high 2170 Lifetime Tracker 5M Conti Portugal 1 LTV too high 2210 36m Lifetime Tracker 1a 36m Conti Spain 5 LTV too
29. ame way Ensure that you obtain other illustrations if you want to compare this mortgage with mortgages from other lenders 2 Which service are we providing you with vw We recommend having assessed your needs that you take out this mortgage We are not recommending a particular mortgage for you However based on your answers to some questions we are giving you information about this mortgage so that you can make your own choice 3 What you have told us This illustration is based on a mortgage loan for house purchase Loan amount 137 200 No fees have been added to this amount but the fees you need to pay are shown in Section 8 For details of any insurance charaes see Section 9 lt lt lt 1of5 gt gt gt gy Email Sprint 994 201d FL Description Broker Documents Once the KFI is displayed there are three accompanying documents Print improvements A print and email facility has been added to the KFI screen This allows the documentation or parts of to be emailed directly from the KFI screen and allows the printing of the KFI and supporting documentation or parts of to be printed from the same screen Files List i lllustration pdt FI Schedule pat FI Filters pdf Personalised Date producec 23 64 170212133152 24176 VY This illustration The mortgage This is not a legh ig Society to provide you with the aS o 1 About this Mustration p Schedule pdf Filters pdf d
30. ant 1 Date Of Birth 01 12 1975 m Guaranteed Regular An employers reference v Applicant 2 Two Applicants Date Of Birth dd mm yyyy Salary Overtime Salary Overtime Guaranteed Regular More Info gt gt Best Buys 100000 150000 Term years 25 Show total cost over 5 years Search By Best Interest Rate More Info gt gt 2 244 Mortgage products are now sourced JV Intermediary Direct 6 House C Flat More Info gt gt v Fixed WV Variable V Tracker V Discount V Capped IV Deselect All More Info gt gt f Repayment C Interest Only More Info gt gt An Periods From To months 7 Indude Lifetime More Info gt gt Source Now Max Overhang ZB months I Notstepped Portable All fees can be added Current Account Offset I Overpayments Free Legals Free Valuation No Higher Lending Charge HLC More Info gt gt The best buy tables are designed to be client specific therefore providing information that is meaningful to the client Standard default options are available to choose from which are based on Rate Control or Rate Type e If selecting 2 3 or 5 year best buy tables this will display fixed tracker and all products that are applicable to the client for the selected time period 10 If you are selecting the best buy options for fixed variable or all products this will display the relev
31. ant rate type based on time periods of 2 years 3 years and 5 years Having chosen the relevant best buy table from the drop down box as indicated below the client data and mortgage details need to be completed before selecting the button entitled Source Now gt m kN A en N ECEE Product Filters Property Type Top Filters I Favourites Y Best Bu o Fy House C Flat ys 250000 Max Overhang months More Info gt gt red E Notstepped a aaa wApitial Rate Type Portable 150000 7 Fixed _ 7 Variable 7 Tracker All fees can be added Term years 25 7 Discount 7 Capped Current Account I Offset Shared Ownership 7 Deselect All ore Info gt Overpayments Free Legals Payment Type z Free Valuation Guaranteed Regular Search By Repayment I No Higher Lending Charge HLC All employers reference Best Interest Rate X Applicant2 Two Applicants Date Of Birth Rate Control More Info gt More info gt gt dd mm yyyy Sa ary az All Periods Schemes Overtime a OK ee ee From lie To F months Guaranteed Regular Two Year Best Buys Show total cost over 5 years F Include Lifetime fo More Info gt gt All empl ore 2 244 Mortgage products are now sourced Source Now v The best buy screen displays the three tables for the selected best buy option Each table clearly indicates the rate control or initial rate type Each table is
32. ble for brokers to use at 5 00 plus VAT per month for unlimited use The links can be found in a variety of places The first link is available within the mortgage details section of the Sourcing tab as shown below a meine Fat Freehold Lease Remaining More Info gt gt fe House Tenure 180 000 70 000 25 Term years 20 Deposit Equity Max Overhang 18 months I Not Stepped T Portable l An Booking fee can be added Add tees to loan Loan Required _lnitial Rate Type fe Va able Ff Tracker tw fw Fixed Shared Ownership VV Discount V Capped Show total cost over 5 years T Free Legats Search By 9 Select All More Info gt gt 9 Applicant 2 a Best Interest Rate pplcan Interest Only 7 Hide Lender Name from results Date Of Birth Main Repayment Vehscie More Info gt gt All Periods d From To months More Info gt gt Guaranteed Regular More Info gt gt Include Lifetime Source Now 2 275 Mortgage products are now sourced When inputting the valuation details there are a number of mandatory fields that the broker has to complete as shown below Once the data has been entered the link will call CoreLogic s valuation service and return a market value of the property If the property and loan amounts do not correctly add up to those input by the broker then the link will automatically update them for the broker Core Logic allows you to
33. carry out an automated valuation a onyour client s property to ensure the correct property price is used for mortgage purposes It uses a comprehensive database of surveyor s valuations provided by some of the UK s largest mortgage lenders and most respected surveyor businesses You are about to retrieve a property valuation from Core Logic using the following data First Line of Address x k Postcode Favourites Best Buys I More Info Anio Details Required Field Valuation Date 17 02 2012 Applicant Details Please use the Client Database to change clients Applicant 1 Date Of Birth First Applicant Bitty Bloggs Second Applicant Property Type f gt Central Heating gt x Property Style y Condition EEEEEEK Bedrooms Year Built Living Rooms Garages z Bathrooms Floors Floor Area sqm Tenure Freehold Conservatories Lease Remaining years Last Known Sale Pee Last Known Sale Date ff mortgage brain m F Include Lifetime _ Morelnfo gt gt 2 275 Mortgage products are now sourced _ Source Now iza 2 1975 dd mm yyyy 45 000 Guaranteed Regular x au employers reference Applicant2 Date Of Birth Hide Lender Name from results More Info gt gt The valuation returned also provides a confidence rating for the broker The documentation is automatically archived in the client file and
34. ction MTE Add Document Case Complete Affinity Club Conveyancing Overseas Commercial Valuation Credit Check Equity Release Secured Loans Debt Resolution Contact Us 0871 384 0194 A _ Client p Client Database Review e Archiver www mortgage brain co uk Debt Calculator Calculator Browser ie Licence Advert Help MortgageBrain Select archived document then click below to a Md m Apply vie te No archived documents for this client MB Launcher Please choose whether you woud ike to creme s nem chert of open an senting chent CE New Ceni 7 Do not show agan ican be sat in the options mer f si tavelue gt 7 Hide Incomplete factfnd RfR Show Latest Duplicates Only Documents Displayed 0 of O Apply Fitters _ Reset Filters Add Document Sourcing 2001 2010 1253 If you wish to select a previously sourced client then the software provides two options for recalling a client e Recall Client will display a list of the last ten clients saved into the database as shown on the screen below Simply highlight the client that is required and click Recall Client This will insert the client data including mortgage details and previously saved documentation into the launch screen The client data can then be passed through to any of the other modules displayed from the launch screen including the ability to resource for the client Factfind Sourcing
35. d Time 31 March 2010 12 1 25 Loan Amount 80 000 Deposit 100 000 Repayment Period 25 Lender Alliance Leicester Product 2 yr Tracker Initial Monthly Payment 332 89 The following criteria were used in the selection of products to meet your requirements Mr Fred France Salary 50 000 Guaranteed Overtime 0 Regular Overtime 0 Proof of Salary All emp references Date of Birth 12 December 1975 Purchase Type Home Mover Type BROKER_KFI e Finally the filters letter includes a list of the Top 25 schemes available in the scheme results If the product chosen falls outside of the Top 25 this is also highlighted in the letter with a position number applied to the chosen product Product enhancements A number of product enhancements have also been made within v1 0 28 These have been made to address the main sources of calls to Research The main items are as follows e Shared ownership changes O O The shared ownership filter has been moved onto the Start screen If this filter is not selected then ALL NEW MortgageBrain will not include Shared Ownership products in the results The system will filter on the min max LTV using the overall property value as well as normal LTV filtering on the value of the share being purchased There is an explanation of how Shared Ownership filtering works within the information button in the mortgage details section Additional wording has been added to the
36. dard Life Bank e 7 590 5 970 Darlington 3 150 5 950 Darlington e 5 950 fa 5 790 Leeds B Societv 4 m First Reason For Exclusion Scheme is a Direct Product Yorkshire B Soc Country not matched Conti Spain 5 Initial Payment Type not available Conti Spain 5 Scheme is a Direct Product HSBC Bank LTV too high AIB Bank PLC m Total No Of Schemes Available 2 858 Overpayments text With previous versions of ALL NEW MortgageBrain the overpayments text for products was only included in the KFI As this was at the end of the process brokers informed us that this was too late in the sourcing of the products Therefore the overpayments text has now been added to the scheme notes section as shown Making it available in the scheme notes means the broker can check the details before producing the KFI 16 Monthly Payment 1036 37 1069 76 871 65 942 75 965 54 929 21 948 20 974 72 876 01 876 01 989 50 1092 92 1117 28 723 07 961 87 95841 Refer 1 025 4095 1428 1428 1428 1324 1324 330 2 358 1348 1875 375 1944 Initial Variable Rate In Rate Cost inc fees amp ERC 5 yr 68 712 Lifetime Tracker Prime Plus SC PP80 63 335 Fixed til 01 12 12 FXR675 58 707 3 yr Fixed Prime BTL BTL3a 58 679 3 yr Fixed Prime BTL BTL2a 63 989 5 yr Fixed Prime BTL WLBBTL1 58 494 Fixed til 31 12 11 58 804 Fixed til 31 12 12 64 546 Fixed til 31 12 14 54163 Fixed til 30 09 14 54163 Fixed ti
37. e 5 Single Multiple 5 E Personal Touch Pla 3 190 4 750 774 64 1 010 24m 19598 2yr Tracker Second Multiple 5 Gtd Overtime 50 Joint Multiple 5 Rea Overtime 50 Pink Direct Platform 3 190 4 750 774 64 1 010 24m 19 598 Flexible 2 yr Tracker i Alliance Leicester 2690 4990 733 9 525 24m 18 119 2yr Tracker 1444 Product Requirements Min Age 18 Min LTV 0 Min Salary 0 ING Direct 2 640 3 500 729 12 965 24m 18461 DIRECT 2 yr Tracker Max Age 70 MaxLTv 70 Abbey 2590 4240 72506 1120 24m 18 270 2 yr Tracker v3 Min toan 5000 Max Loam 1000000 Tied Insurance None Reda Insurance B Alliance Leicester 2 990 75791 30 36m 18 219 Lifetime Tracker 1446 Mta Box Plat 3390 4750 79159 1010 24m 20 004 2 w Tracker oduct ania tanca H Portable Yes Payment Hols No Overpayments No Undernayments No Borrow Back No 1655 Products Not Matched out of 1898 FIST Reason A MT Initial Variable J Lost inc Trees ia For Exclusion dig MTE Rate Rate i Ex ERC 2 yr Reasons for Exclusion Features not matched 4 Conti Spain 1 LTV too high Lifetime Tracker Rate Control From Date not matched Scheme has no Rate Control Shared Equity not matched Woolwich Features not matched Lifetime Tracker Nationwide BSoc LTV too high 2 640 3990 24m Purchase 2 yr Tracker Nationwide BSoc LTV too high 2 640 3 990 24m Existing NBS 2 yr Tracker le m otal No Of Schemes Available 1 898 There may however be more than one reas
38. ees z z Tie In s jey g sae A siiejeq aways E E a 8 Cost inc fees amp ERC N yrs Saving inc ERC N yr Notes Product Code Overhang Period Rate Control Sa 0N aways Q Advance Cashback HLC GSS Ss Sis S S sis I AJ W W 8 AA HB I HLC Added Set All to Original Defaults 994 JOld R m Total No Of Schemes Available 3 889 32 Editing top filters ALL NEW MortgageBrain has a list of top filters contained within the sourcing tab The facility to enable the end user to change the list to their own choice is now available To amend the list of filters use the setup option contained within the Tools menu situated in the scheme list Mortgage Brain w PEE Search1 fy a General Scheme Grid Colours Scheme Column Preferences Lender Panels Top Filters Set All to Original Defaults 33 Attributes C Guarantors C No compulsory insurances C Cashback O Foreign nationals O Expatriates Fast track CO No collar rate Features C Current account O offset C Overpayments C Underpayments C Payment holidays 1 Borrow back Flexible Fees O No upfront fees 1 Fees refunded JAll fees can be added oO No HLC Mortgage Details C Let to Buy Misc Filters both applicants C Override Income Multiples Rate Control C Max tie in period months C ERC Tolerance months _ Top Filters Preview
39. f say g 5331 2 sraa aways K dhdog that regulates financial contain similar information ih mortgages from other S310N aways A p 010 U This illustration is based on a mortgage loan for house purchase Loan amount 70 000 No fees have been added to this amount but the fees you need to pay are shown in Section 8 For details of any insurance charaes see Section 9 saaj JO1d A Description Broker Documents e The first is the payment schedule which details the monthly payments applicable for the product shown and includes the initial and subsequent payments e The third document is an internal use only filters letter It is intended that this letter is kept on the client file and can be reviewed by the compliance officer It is not percelved that the production of this letter constitutes part of the documentation provided to the client e The filters letter records all filters that have been applied from the basic client data name salary date of birth etc right through to the individual filters that have been applied to the search In addition to this it also includes the criteria for the deleted products for example monthly payments in excess of X or total fees above X 29 S Viewing Documents D a a Illustration pdf Filters pdf Schedule pdf Zoom Q A 5 Wa BJ El FF mi 8 Product Selection Report Client s Mr Fred France Adviser Karen Crookes Date an
40. high 2220 Lifetime Tracker SK Conti France 9 Features not matched 3950 2220 36m 5 yr Fined aa 60m AIB Bank PLC Attributes not matched 2400 2250 1 Year Fixed HL New Business 0021 12m 4 Total No Of Schemes Available 1 898 The search function is not case sensitive and allows for the use of wildcards For example if hal is typed this will find all schemes that match with Halifax whether these are direct products intermediary products or branded products i e Halifax Openwork Halifax PMS Halifax The search can be used in either the matched or non matched screens depending on where the active highlight bar is placed Key Facts Illustration KFI A KFI can be produced from the matched products only To produce a KFI select the KFI button highlighted below Seven tabs are displayed some of which are already pre populated with client data The other tabs allow you to include third party insurances If required 26 Mortgage Brain tr A EIF search 1 Search 2 Search 3 Search 4 Search5 i 879 Products Matched out of 1898 Pe Halifax HAM Loughborough BS Mtg Box Plat We recommend Personal Touch Pla We do not recommend Applicant 1 mr William Wembley Applicant 2 EG po Company Address Intermediary Salutation Mr Wembley Address 1 iii St James s Road J7 Regulated Correspondence Address Address 2 ferydon Add
41. ich 4590 2439 oS 38m 55181 Fed tt ROLD OTE 044 970 1567 open Mondays Fridays estept bank koliddny5 Sy woolwic bd 1530 2430 96425 ms Jem 55961 Feed tl 32 01 12 D PMS 395 00 578 00 TE Sesame Direct 785 00 5700 SAS CME 15750 12 750 722 36 m 19654 Sered Ouwnhia 1 yt Dat tie SC kosyin MTE piz se add unique referents ramer under A SAS CME 1634 36 2723 Mm 110455 Chere Ownentaj 1 ye Die Vare ie OF a Asgtional Mates SMS CMC 2750 2722 m 122340 Shared Quetessids Standard 55 Ptan SC 3 ZWS CHC 1835 33 2722 36m 122340 Shared Ownership Standerd 63 Fian SC z 3 Ga Cheshire Mortgage Go 10790 1790 Ree 46m 33920 Sered Qureshi 1 yr Dss Variable 50 e Cheshire Mortgage Co 163436 Zer m Shares Danerstip 1 ye One Canale S m u u MTimes CMC 10050 12750 Rer 36m 119 243 Sered Owe 1 yy Dsc Variable SC 3 MTimes CAC 163336 ker 3 m Shares Ownership 1yr Disc Variae ST 3 a Cheshire Murtzage Co 117 Deter m 172411 Gared Oumeruia Gtarwiani 69 Atin SC Chesrire Mortgape Co 1097 35 Zeer m Shares Ganerstep Standerc 03 lan MTimes CHC 12750 388533 Refer 36m 222533 Sered Owernia Scanciard 65 Pian SC e MTimes CMC 1825 33 Reker 36m Sharce Ownership Stardard 65 Man SC f a MTimes igroup 0W0 3 790 eter LES 2yrtoed LIM 1 Lil MTimes Igrauo 10594 eker 27 mec ITMI tru R MT mes group 5940 3 749 dekr ESTI 2yr Food GEM 1 GEMI 4 MTimes grauo 6 310 5740 119503 Refer 2 feed GEM 1 GEMI F p ATOM IG 4080 3 740 1228 24m 79793 ZyrrwedkTWM 2 Uri F ATOM 15 454
42. k Telephone 0844 800 9999 Alliance Leiceste Remortgage PMC A L Applicants ACCEPTABLE INTRODUCERS Abbey Property Infor sti All accepted via registration on A amp L website a m PMC A L Survey Fees SERVICE PROC PAYMENTS 4 Direct proc fee payable 0 20 Gross Dunfermline Higher Lender Nationwide BSoc PACKAGING REQUIREMENTS ci Miscellaneous PRIME PRODUCTS i Nationwide BSoc LTV UPTO 75 MINIMUM REQUIREMENT latest months payslips or latest years accounts if self employed LTV OVER 75 LTV MINIMUM REQUIREMENT Last 3 months payslips or latest 3 years account if self employed Nationwide BSoc Nationwide BSoc Lenders can ask for further packaging on assessment if required For Loans over 500k Last 3 months payslips or latest 3 years account if self employed Nationwide BSoc e Nationwide BSoc Applications that meet the following criteria are eligible for Fast Track Service Post Office Mtgs S3 0N aways A Remortgage customers or Next time buyers Applications upto 75 LTV Maximum loan size up to 500 000 Employed Applicants The fast track service is also subject to cases passing credit score and satisfying all aspects of lending criteria Alliance amp Leicester carry out reasonability checks on applications submitted under the fast track service and reserve the right to contact you to confirm
43. l 30 09 14 59 029 Fixed til 31 12 11 69 771 Fixed til 31 12 12 BTL RJ5 69 857 Fixed til 31 12 12 BTL RJH 53 328 Discount Variable til 30 11 11 119 58 187 Standard SVR 59647 Standard BTL Tie Cost inc fees amp ERC 5 yr 4 990 60m 3 940 24m DIRECT Stepped Fixed til 30 11 14 Lifetime Tracker Lifetime Tracker DIRECT Special 2 Year Discount Variable Rate LTV LT 50 Scheme Fees Notes Proc Fees Scottish B Soc Lender ID 156 Scheme ID 3 yr Variable BTL 51060 Loan Details Term Years 25 Deposit 100000 Advance 150000 LTV 60 Purchase Price 250000 Cashback 0 Monthly Payment 993 22 Mortgage must start by Amount Payable 310445 01 06 2009 Rate Information Initial Rate 6 29 APR 69 HLC Threshold Rate Control 36 Charge Rate 6 79 Tie in 36 Charqe Period Monthly Income Multiples First Multiple 4 Single Multiple 4 Second Multiple 1 Gtd Overtime 100 Joint Multiple 3 Req Overtime 100 Product Requirements Min Age 18 MinLTV 0 Min Salary 0 Max Age 70 MaxLTVv 60 Min Loan 30000 Max Loan 250000 Tied Insurance None Rea Insurance B Product Attributes amp Features Portable Yes Payment Hols Yes Overpayments Yes Underpayments Yes Borrow Back Yes Reasons for Exclusion sajey g see A syeyeq awayss E A Ww oO gt O 3 zZ o or nm saej 2014 M Mortgage Brain wen z Search 1 Kl ER 1 493 Products Matched out
44. ld by the client e When sourcing for joint clients the total number of adverse items applicable to both clients should be input e When sourcing for buy to let products the software takes into account the number of existing properties the total value of the properties within the portfolio and the expected monthly rental income from the new property being financed 15 Scheme List Results Scheme List The Scheme List results screen is divided into two main sections The upper section of the screen clearly displays the schemes matched against the client s specified criteria The lower section of the screen displays the non matched or rejected schemes based on the client s specified criteria On the right hand side of the screen there is the facility to pop out further information on the scheme highlighted This includes Scheme Details Fees and Rates Scheme Notes and the expected Proc Fee from each distribution channel Both of these areas are covered in more detail below S Mortgage Brain ER 1604 Products Matched out of 2 858 Initial Variable Chk MT Chk MTE p RE Lender Ver tate Beacon Homeloans e Nottingham L amp C 7 100 6 140 WLB 4 940 6 000 WLB e 5 740 6 000 WLB e 5 990 6 000 Newcastle e 5 590 5 990 Newcastle e 5 800 5 990 Newcastle e 6 090 5 990 Openwork Newcastle 4 990 5 990 Newcastle e 4 990 5 990 Newcastle e 6 250 5 990 Standard Life Bank e 7 340 5 970 Stan
45. les m Maximum Monthly Construction Payment Conventional construction Search By Best Interest Rate 2 858 Mortgage products are now sourced 13 Mortgage Brain Mortgage Property Filters Product Filters Favourites J Best Buys 250 000 House C Flat p Maximum Monthly Payment ROR Lease Remaining EJ TE Applicant Details Deposit Equity 180 000 _ Top Filters More Info gt gt Applicant 1 Loan Required 70 000 Max Overhang Date Of Birth 1271271975 Initial Rate Type I Not Stepped daj LTV 28 Term years 20 Monice MEE A stork r NSA 0 Fixed V Variable V Tracker Salary 45 000 Shared Ownership A V Discount v Capped Gi Show total costover 5 years Guaranteed Regular PSST Sais vV Select All More Info gt gt an employers reference x Search By M Free valuation Best Interest Rate A Shared Equity Payment Type Date Of Birth C Repayment f Interest Only T New Build More Info gt gt Hide Lender Name from results dd mm yyyy Main Repayment Vehicle Salary j nne x More Info gt gt Schemes eme Included n None X Overtime More Info gt gt Guanes Guaranteed Regular V Intermediary Direct e oz zie SSS za Jan Periods fan employers reference More Info gt gt From To months Applicant2 D 7 Include Lifetime More Info gt gt Source Now 3 889 Products a
46. lows Development Lender _ Test11 2 yr Tracker SC 1 500 87 50 5 740 1 030 14 484 145 639 Test Lender Disc from Flexx for Term til 30 06 13 1 990 116 08 2 990 1 627 11 158 112 799 Development Lender Test18 3 yr Stepped Tracker Offset 2 000 116 67 5 740 3 020 15 771 146 827 Development Lender Test2 2 yr Tracker Near Prime 2 100 122 50 5 740 1 260 16 154 146 744 Test Lender Everyday Tracker til 01 11 13 2 380 138 83 4 790 1 359 15 312 135 727 Emma Test Prime Stepped Tracker til 31 03 13 2 440 142 33 4 790 1 059 16 741 137 302 Test Lender Everyday Tracker til 01 11 13 2 480 144 67 4 790 1 359 15 429 135 844 Monmouthshire 2 yr Discount Variable 2 490 145 25 4 990 884 14 849 137 489 Lorraine Tesl Ex Borr 2 yr Tracker 2 590 151 08 3 990 814 12 819 124 924 Lorraine Test Purchase 2 yr Tracker 2 590 151 08 3 990 814 12 819 124 924 o 0 aj sji gt gg Email gt S8 0N aWayrIS g 994 301d Description Broker Documents Lender Notes The Lender Notes icon allows access to the highlighted lender s underwriting criteria W PEF Search1 Search 2 Search3 Search4 Search5 3 EG 59 Products Matched out of 1898 l jable Monthly f ING Direct ms Lender Notes foi lliance Leicester LenderiD 2 Contact ING Direct ALLIANCE LEICESTER PLC References s iejaq awayss G Alliance Leicest Web address www_al intermediary co u
47. me is a Direct Product 1 990 3 940 22m Special DIRECT 2 yr Discount Yariable RBS Direct LTY too high 1 990 4 000 23m DIRECT Tracker til 31 08 13 Aletti tek Pia ok TIL br 4 mmm a mmm mm PINOT Tee ln Lil M4 MM 4 cee Total No Of Schemes Available 3 019 Multiple tabs New tab sourcing Mortgage Brain provides the ability to carry out multiple sourcing scenarios The software includes the ability to create numerous tabs which can be used to display different products as selected by the application of the filters For example the client may want to look at different scenarios depending on the amount of deposit they may be able to provide Therefore multiple tabs could be displayed for 75 LTV 80 LTV 90 LTV etc wie Ver Ch mre Mitial Variable N Total Tie Co neg Product Overhang Rate avane Cashback Rate Rate i u y ees i K ERC Lode Period Lontro 4 First Direct 2 580 724 25 Refer 18411 DIRECT Lifetime Tracker Offset 160 000 3 HSBC Bank 2990 3 940 757 91 521 24m 18 707 DIRECT Special 2 Year Discount 24m 160 000 a ING Direct 2890 749 62 865 18 856 DIRECT Lifetime Tracker 160 000 z HSBC Bank 3 190 774 64 721 19 312 DIRECT Special Lifetime Tracker 160 000 a First Direct 3 540 804 43 Refer 19 337 DIRECT Lifetime Tracker Offset 160 000 I Coventry s 2 990 75791 1034 19 223 Purchase Standard FLXS1 160 000 mn HSBC Bank 3 340 787 33 521 19417 DIRECT Plus Fixed til 31 08 11 160 000 8 HSBC Bank 3 340 787 33 521 19
48. ng of client data is necessary The Other tab allows any additional product to be sold and included on the production of the KFI The options shown here allow the user to manually input the product name premium amount and frequency of payment Indude on Term and Critical Iliness Premium Period of Cover illustration Ss years z Decreasing Term NM Whole of Life Required Insurance Mandatory amp Tied Insurance Insurances Conveyancing Premium Indude on illustration a Insurances Indude on through Endowment Premium Sum Assured illustration intermediary a x Pension Ey NI Individual Savings Account 44 EH U kl Oia eu fl Schedule pdf Filters pdf IG about this mortgage Personalised Illustration for MR TEST CASE Date produced 04 Oct 2012 Reference MB MBL123 64 041012113130 2953 NN This illustration is valid on the date produced The mortgage must commence within 6 months This is not a legally binding mortgage offer and it does not oblige Barclays Bank PLC Trading as Woolwich to provide you with the mortgage described in this illustration 1 About this illustration We are required by the Financial Services Authority FSA the independent watchdog that regulates financial services to provide you with this illustration All firms selling mortgages are required to give you illustrations like this one that contain similar information presented in the s
49. on that the scheme has been excluded from the matched products list To display all of the reasons as to why the scheme may have been excluded simply pop out the scheme details tab on the right hand side of the screen as shown on the next page rtgage Brain W ESI Search Search 2 Search 3 Search4 Search5 fj i 976 Products Matched out of 2858 Scheme Fees Notes Proc Fees JE fonder Initial E Cheltenham Glous Lender ID 18 Scheme ID n DIRECT Tracker til 31 01 12 52296 Beacon Homeloans 6 750 117455 Refer 36m 77 803 Lifetime Tracker Prime Plus SC PP80 Loan Details n pa Nottingham L amp C 7100 6140 121239 1025 36m 71 625 Fixed til 01 12 12 FXR675 Term Years 25 Deposit 0 Advance O LTV 3 68 3 WLB 4 340 6 000 98787 4595 36m 66455 3 yr Fixed Prime BTL BTL3a pacha Price 0 Cashback 0 H WLB 5740 _ 6000 106845 1344 36m 66 288 3 yr Fixed Prime BTL BTL2a Monthly Payment 0 Mortgage must start by Amount Payable 0 06 04 2009 WLB 5 990 6 000 109427 1344 60m 72 312 5 yr Fixed Prime BTL WLBBTL1 n Rate Information Newcastle 5 590 5990 105311 1428 25m 66 085 Fixed til 31 12 11 a Initial Rate 3 29 APR 0 Newcastle e 5 800 5 990 107462 1428 37m 66 437 Fixed til 31 12 12 HLC Threshold Rate Control 26 5 yee M Newcastle 6090 5990 110468 1428 61m 72945 Fixed til 31 12 14 Charge Rate z mek 5 a Charge Period Daily Openwork Newcastle 4 3
50. payment Vehicle None More Info gt gt Sct zemas Included a au Periods ence v More Info gt gt From To months 7 Indude Lifetime More Info gt gt Source Now V Intermediary Direct 3 889 Products available to filter on out of 17 191 Affordability The functionality currently in Broker has been included in ALL NEW MortgageBrain this is the first phase of developing requirements for MMR Mortgage Market Review The affordability box allows the broker to input the client s monthly mortgage payment and source on products where the initial monthly payment meets the client s affordability Alternatively the broker can use the affordability button to display the budget planner and input the full quota of incomings and outgoings for the client The budget planner can be printed out Affordability Calculator Income Outgoings Summary Monthly Income Regular Monthly Income inctuding Overtime Persion Irwestment kxome Source Now 12 Client Details Client Details screen allows for the collection of client data for Applicant 1 and or Applicant 2 if not already pre populated from a back office system e Using the radio button at the top of the screen hides and reveals the Applicant 2 details e Only the age and basic salary fields are mandatory on this screen although if this data is collected on the sourcing screen there is no need to input it again Product Fil
51. ress 1 Address 3 Surrey Mtg Next Platform Pink Direct Platform e L G Club A L Mtg Box Plat Personal Touch Pla Pink Direct Plattorm Address 2 Address 4 Pink Direct Platform e Address 3 Postcode c RO 2UW Cheltenham Glous Address 4 JI Telephone 07788 925714 All st iance Leicester Postcode Halifax Halifax La Applicant 1 Applicant 2 4 1019 Products Not Matched out of 1898 First Lender Conti Spain 5 LTV too high Conti Portugal 1 LTV too high Conti Spain 5 LTV too high Lifetime Tracker Conti France 9 Features not matched 3 950 2 220 36m 5 yr Fixed 9A 60 m AIB Bank PLC Attributes not matched 2400 2 250 1 Year Fixed HL New Business 0021 12 m 5 m Total No Of Schemes Available 1 898 The KFI function produces a number of tabs to enable the production of the KFI If the user does not wish to complete all of the tabs they can be ignored where necessary 2 The Details tab will populate with the client and broker details automatically pre where this information may have already been collected The software will automatically include the relevant fees associated with the product selected The broker has the ability to include a broker fee where applicable If the fee charged is consistent across all clients this information can be set up and saved permanentl
52. s Overseas Products Show Withdrawn Products Only You have a saved search for this client from 09 10 2012 A i wre Ea 5 u 8 669 products are available to source from Once the client s criteria have been chosen from this screen the Next button will allow the sourcing criteria to be entered Sourcing Screen e The sourcing screen allows the majority of the clients sourcing criteria to be entered on one screen therefore ensuring the results can be displayed within seconds e It allows the collection of client data and mortgage details as shown below If MortgageBrain has been launched from a back office system then the majority of this data will already have been pre populated into the relevant fields e When selecting More info on any of the sections shown below this will take the user to the relevant filters screen as displayed in the tabs at the top of the screen e g client filters property filters product filters adverse buy to let filters where further filters can be applied if necessary for the product search Note It is not necessary to complete all of these tabs before sourcing They are available prior to sourcing if refining of the search is necessary but can also be accessed once the scheme list of results has been displayed CoreLogic Ltd formerly UK Valuations Ltd ALL NEW MortgageBrain now contains the link to CoreLogic a company that provides valuations for properties This feature is availa
53. stration Visit www mortgagebrainsourcing co uk and select My Account You will need to enter your site reference and the password from the email you were sent Select New registration in the top right hand corner please enter the serial number This will now appear with the Site Reference and Validation code Enter these into Licensing page complete and register The Mortgage Brain Toolbox will now appear for you to set up automatic scheduled updates We highly recommend you set this up as it ensures you have access to all current products Select Scheduler select days you are in office and select Time to Run a time when computer will be on select Activate Scheduler Exit then click Update If you need help at any time don t hesitate to contact us on 0871 384 0194 Launch Screen Double click on the MortgageBrain desktop icon to launch the software Launch screen is the starting point for all sourcing New and Existing Clients a Mortgage Brain e Choose whether you wish to work with a New Client or an Existing Client By selecting New Client all previous client data will be removed from view and display a blank screen The Existing Client option will display all details of the last client saved This includes applicant and mortgage details on the left together with any documentation produced IDD Factfind RFR KFIs etc on the right hand side Recall Client Factfind Sourcing Reasons Why Insurance Prote
54. t Buys Tracker Click for all results jes Test Lender 2 000 5 740 635 78 2 835 60m 498 36m Test18 3 yr Stepped Tracker Offset Scottish Widows L C 1 790 1 790 620 56 944 24m 23 479 Om Lifetime Tracker Offset Woolwich 2 790 2 790 695 04 1389 26m 26 685 Om Lifetime Tracker L G Bank of China 3 000 3 000 71132 1950 12m 27 632 Om Lifetime Tracker SMS Bank of China UK 3 000 3 000 71132 2 034 12m 27 716 Om Lifetime Tracker Three year Best Buys All Products Click for all results GP Lender Initial Variable Monthly Ti Cost gt Rate Rate Payment ees n amp ERC 3 yr Control Test Lender 2 000 5 740 635 78 2 835 60m 498 36m Test18 3 yr Stepped Tracker Offset Scottish Widows L C 1 790 1 790 620 56 944 24m 23 479 Om Lifetime Tracker Offset Woolwich 2 790 2 790 695 04 1389 26m 26 685 Om Lifetime Tracker L G Bank of China 3 000 3 000 71132 1950 12m 27 632 Om Lifetime Tracker Marsden 3 290 5490 734 15 1123 Om 27 699 36m Discount Variable til 30 11 12 Offset Top Filters The top filters section allows the most commonly used filters to be immediately available on the sourcing screen The software is issued with a standard default listing However this list can be customised to an individual user s requirements where applicable For instance if a user is running a remortgage campaign with existing clients it could be applicable for the top filter selection to include filters for Free Legals and Free Valuation as
55. ternatively it can be accessed by clicking on the blank tab similar functionality to Internet Explorer v7 Either function will display the sourcing screen where different criteria can be selected before displaying the results e The screen below shows four searches that have been carried out for the client with another one about to be created Favourites BestBuys More Info gt gt Applicant Details Applicant 1 Date Of Birth 12 12 1975 dd mm yyyy IE Guaranteed Regular An employers reference Applicant 2 Two Applicants Date Of Birth ae SE aa Guaranteed Regular Salary Overtime Salary Overtime Property Filters Mortgage Details Property Price Shared Ownership 0 90000 160000 Term years 25 Deposit Equity Loan Required LTV 64 Shared Ownership Show total cost over 2 years Search By Best Interest Rate _ Schemes Included V Intermediary IV Direct 1 898 Products available to filter on out of 7 928 Product Fitters Property Type House C Flat More Info gt gt Initial Rate Type v Fixed IV Variable V Tracker V Discount V Capped V Deselect All Payment Type 5 Repayment C interest Onty More Info gt gt Rate Control 2 years plus From 24 To months V Include Lifetime More Info gt gt Top Filters Ss months Max Overhang V Not stepped IV Portable 7 All fees can be added
56. ters Adverse BTL Filters C OneApplicant Two Applicants Applicant One Details E11 St James s Road D Postcode cro 2uw ant References Al employers reference gt References Al employers reference x Sex Male C Female Sex Male C Female Date Of Birth forazas7s dd mm yyyy Date Of Birth dd mm yyyy Age Age EJ Basic Sa ary 80000 Basic Salary po Overtime gt it Overtime N Guaranteed Regular Guaranteed Regular 2 858 Mortgage products are now sourced Source Now Property Filters Property Filters screen will pre populate the mortgage details data captured on the Sourcing screen Any other filters which apply to the property being purchase or remortgaged can be applied within this area e Some of these filters can also be included in the Top Filters section displayed within the sourcing screen see page 12 for more information Adverse BTL Filters House Filters Misc New Build Shared Ownership 0 lt 10 yrs No NHBC Ex Council house Deposit Equity 100000 2Kitchens Loan Required 150000 7 Back to back Line 4 T Self Build Liv 60 Clear Property Details Post Code House C Fiat Term 25 Years Line 2 Line 3 Shared Ownership Bedrooms 2 bedrooms Shared Equity Residency main Residence Show cost over 5 Years Tenuie Freenold gt Use Term Reduction Lease Remaining Years I Override Income Multip
57. that are still available on production of a KFI will automatically be saved and stored into the client file if using an integrated back office system Multiple Searches Reloading Having carried out a number of different searches for the client when the software is closed it will automatically save all of the client searches against the client file If it is necessary to retrieve the previously saved searches then these can be easily displayed from the Start screen e On launching into Mortgage Brain with the selected client already chosen an option to reload previous searches will be provided as shown below e By selecting the option to reload this will display all previously saved searches and will ensure that the most up to date product data is displayed Current Mortgage Details Home Mover C First Time Buyer Remortgage Right To Buy RTB Buy To Let Include Adverse Lender Panel an Lenders gt Specific Lender s Specify Current Lender Existing monthly payment Cost to redeem existing loan now Estimated legal fees You have a saved search for this client from 02 11 2009 6 688 products are available to source from 19 Excluded Schemes Any schemes that don t fit the client s criteria are displayed in the bottom half of the results screen These are clearly displayed with the first reason for the exclusion listed in the lefthand col
58. these may be common requests with remortgage clients Allowing them to be easily accessible on the front screen saves time when looking for products most suitable for the client e Any filters included in the top filter section will also be available in the relevant filters pages e The Top Filters list can be customised and saved permanently as a default within the Settings function This is covered in detail later in this document 5 Mortgage Brain Mortgage Client Details Property Filters Product Filters Favourites Best Buys Mortgage Details o Property Type Affordability Favourites J Best Buys Property Price 250 000 House C Flat p Maximum Monthly ment Pa Se Lease Remaining TEE Applicant Details Deposit Equity 180 000 Top Filters 7 More Info gt gt Applicant 1 Loan Required 70 000 Max Overhang months Date Of Birth 12 12 1975 Initial Rate Type Not Stepped dd mm LTV 28 Term years 20 i L J aj se SSCS Fixed Variable Tracker ini apis si a Ar Booking fee can be added c V Discount V Capped ZE Show total cost over 5 years 7 Add fees to loan Guaranteed Regular ee Legal IV Select All More Info gt gt All employers reference Search By J Free valuation Best Interest Rate v i Applicant2 Shared Equity Payment KA Date Of Birth l C Repayment Interest Only More Info gt gt dd mm yyyy New Build Hide Lender Name from results Main Re
59. ts Matched jout of 2350 Tab X Scheme feis Notes ror Fees IB 575 Froduct Matched out of 2858 Cisse Tab X Scene Fees nistes Prec Fees ie z Youwll be charged a 150 wnhdrwsi Fee tycusubntycur nortgagt application A decide not to proceed ce we are E d Netveurk Chd Mane Grass fe Met i z unable to otter you mortgage becie you cannot Srt u 335 substantiate the information provided ar you Mave not w Wooh JAW ORES 159 sim 62263 tows til 31 03 14 Ds ee astas e pa place p dncoied releeant materal fact relating to your application 3 Mort itelt t x 9 32 s gor z mortgage Delore the Otter expres Mortgage offer are usually p 1 aah aes ye rapes ve z F Woglwnh 1240 saw ws Se itm WAL Food 16 34 01 22 Cr wi far montha Product Fee vali be refunded if paid upfrom 5 wasimie 230 AJ syo moe ma 50417 Poss Hl 32 03 12 cre Mortgage Imre DA bada p pat ed o z z z z mil the mig dnes nut complete A A S 2 Rz f Mutgaye Tarwi D Mes 0560 578 00 woola c 3290 2430 B9537 B9 26m S0560 Froti 31 01 12 cru 5 woolmicz 3830 2430 83633 S 26m 50860 Ford tl 33 03 12 cru Parada 585 00 578 0 3 s To secure any of Woolwich products for your dierts you wall w 4 a a Ra t saia PaynercShieki 535 00 578 00 a 4 t 1 01 n Woolate 4450 iao 031 83 bto te 4562 Foes til 31 03 1 os oe m m m o pe ea need te bouk Ihe fords wii Woc wiiii Fund Ecak cu lew om ow a M Pink DA 335 00 320 00 anna Woolw
60. umn as shown below p Mortgage Brain oO t j h W WES search 1 Search 2 Search 3 Search 4 Search5 3 E3 243 Products Matched out of 1898 eh z _ l mane g L 4 4 E Initial l Variable Monthly Total Tie ost Inc Fees Woolwich Lender ID 115 Scheme ID A ender ve y Rate Rate Payment Fees j x ERC 2 yr Lifetime Tracker 62080 Ei ING Direct 2 890 749 62 865 18 856 DIRECT Lifetime Tracker Loan Details w i s RBS Direct 2 890 4000 74962 41 786 19 777 DIRECT Tracker til 29 02 12 Term Years 25 Deposit 90000 Advance 160000 LTV 68 00 3 NatWest Direct 2 890 4 000 749 62 1 804 19 795 DIRECT Tracker til 29 02 12 Purchase Price 250000 Cashback 0 ab Personal Touch Pla 2690 4750 73319 1010 24m 18 604 2yr Tracker MODNY POMEN Za OREA EEN s Amount Payable 222126 20 01 2010 Pink Direct Platform 2690 4 750 733419 1 010 24m 18 604 Flexible 2 yr Tracker wt Rate Information Mtg Box Plat 2 890 4 750 749 62 1 010 24m 18 998 2yr Tracker FY Initial Rate 2 63 APR 2 8 Personal Touch Pla 2 890 4 750 749 62 1 010 24m 18 998 2yr Tracker HLC Threshold Rate Control o mn 27 Mtg Next Platform 2890 4750 74962 1010 24m 18 998 2yr Tracker Charae Rate 263 Tle ini 27 8 Charge Period Anually Pink Direct Platform 2 890 4 750 749 62 1 010 24m 18 998 2 yr Tracker Income Multiples 8 Abbey 3490 800 14 1 620 20 573 Flexi Lifetime Tracker Offset P098 First Multipl
61. vailable to filter on out of 17 191 Product Filters Product Filters screen allows additional filters to be applied to the mortgage search Some of the filters such as Initial Rate Type Payment Type Rate Control would have been pre populated from the sourcing screen e Some of these filters can also be included in the Top Filters section displayed within the sourcing screen e The question marks adjacent to the Favourites Best Buys and Fees provide further information on how these functions operate Sourcing Client Details Property Filters 7 Favourites Best Buys s Current Account 7 Guarantors An Periods M Offset No compulsory insurances From To GR Create Favourite Organise Favourites eee M 7 Indude Lifetime c I Underpayments I Cashback Initial Rate Type 7 Payment Holidays Not Stepped Maximum overhang months z f z 7 Borrow Back Foreign Nationa s Maximum tie in period months 6 Variable iV BBR Flexible Expatriates JV Discount V LIBOR Fast Track Additional Filters alt al kat ct aD i tom Capped A ao No Collar Rate mtakaa m w er period IV Fixed V Tracker Exact Match IV Deselect All Fees Dnem 0 _ Sort Columns By fayment Type I Nouptront fees ana Initiai Rate P Repayment C Interest Only Free Legals C Split Interest Only Part Fees Refunded All fees can be added Amount Scheme Status z Free
62. valuation ee ee Term In years 7 No HLC Verified Kaj 7 KFI Checked Main Repayment Vehicle N one bd W Intermediary Direct Source Now 2 858 Mortgage products are now sourced a A 14 Mortgage Brain Mortgage Favourites Best Buys Client Details Property Filters a Product Filters _ Property Type Affordability Favourites Best Buys More Info gt gt _ Applicant Details Applicant 1 Date Of Birth 12127975 dd mm yyyy a 5 000 Guaranteed Regular au employers reference gt Applicant2 D Salary Overtime Date Of Birth dd mm yyyy Salary KM ia Guaranteed Regular Overtime Property Price 250 000 Valuation 180 000 70 000 28 Term years 20 Deposit Equity Loan Required LTV J Shared Ownership Show total cost over 5 years Search By Best Interest Rate More Info gt gt House C Flat Tenure Lease Remaining Tas More Info gt Freehold gt E Maximum Monthly Payment Top Filters Initial Rate Type Max Overhang 7 NotStepped V Fixed JV Discount V Capped v Select All V Variable v Tracker More Info gt gt Ar Booking fee can be added 7 Add fees to loan Tee Legals 7 Free valuation Payment Type TF Shared Equity _ Schemes Included V Intermediary Direct Repayment Interest Only
63. ws the option of deleting schemes with certain criteria but only for the selected tab Quick Calculator provides the ability to quote mortgage payments for different scenarios both for residential and buy to let Lender Notes contains lender s underwriting criteria covering such things as applicant property fees KFI allows the production of a KFI together with a supporting payment schedule and filters letter Search enables the user to search for a specific lender in the results list without reordering into alphabetical order Tools allows the user to change the menu options wording size of text etc Help Settings Functionality The software allows the ability to set a number of default settings throughout it This customisation includes e Lender panel setup e Column order and column display within the scheme results window e Print options allowing columns and selected number to be printer on one page e Display and customisation of compliance documentation IDD RWL e Top Filters selection and display e Favourites selection and display To amend these parts of the software and save the changes permanently select the Settings function from the Start screen as shown below Mortgage Brain General Scheme Grid Colours Fit to Page when printing Scheme Column Preferences z Max Schemes to Print 25 Lender Panels BHE Top Filters Initial Rate Variable Rate Monthly Payment q SS F F Total F
64. y so that it is automatically included in the production of the KFI The Proc Fees tab allows a proc fee to be calculated automatically pre populated or typed in manually The proc fee can also be split out into relevant amounts if a third party is also to be paid Some lenders may charge a client for not accepting their own insurance products In these circumstances the software will automatically include and display in the KFI the amount that will be charged to the client If the user wishes to link off to a third party provider to offer other insurances then this is available by selecting the relevant icon on the left hand side of the screen Data will be pre populated into the third party insurance company saving the user the necessity of having to rekey information Produce an illustration We recommend gt Full Name Consultant Karen Crooks 0 Applicant 1 Mm sidney Sater Company Crookes Financial Services Applicant 2 E ja ik Company Address Sa utation Mr Seminar Address 1 fill St James s Roada Correspondence Address Address Croydon Address1 111 St James s Road Address3 Surrey Address2 croydon Address4 Address3 suey Postcode cRo2uw Address 4 a Telephone fovvaso2s7ia ooo Postcode cro 2uw Email Applicant 1 ls Applicant 2 SSS We do not recommend W Intermediary V Regulated Produce an illustration Loon Deni Loan Amount Cashback Fee refund Total

Download Pdf Manuals

Related Search

Related Contents

Construcción  7700 SXT - IdroService  Extreme networks Summit X450e-48p  manuel d`instructions plug-in meubles  Sony TV KP-61V35  user manual / mode d`emploi / manual del usuario  Dell Lifecycle Controller 1.2 for Windows Web Services Interface Guide  Oracle Financial Services Market Risk User Guide  Flora-2: User`s Manual  32777 Welding Auto Body TG  

Copyright © All rights reserved. Failed to retrieve file