V Loans has teamed up with IRESS to launch second charge sourcing via XPlan mortgage, the mortgage advice platform.
Brokers will be able to compare remortgage products alongside second charge products in both the residential and buy-to-let markets. Mortgage advisers will also have the option to source specifically for second charge products.
Sourcing for second charge mortgages will be integrated into XPlan Mortgage and support core second charge lenders. It will provide brokers with access to a range of lending products from across the second charge market through V Loans, and a small selection of master brokers chosen to work with IRESS.
V Loans will offer second charge advice and arranging services for those brokers who wish to outsource second charge advice, as well as offering sourcing and packaging services for independent mortgage brokers.
Marie Grundy, managing director of V Loans, said: “We are excited to be partnering with Iress to make second charge mortgages more visible to brokers. Displaying second charge products alongside traditional remortgage products truly puts seconds on a level playing field.
“We believe this will considerably drive consideration of seconds amongst traditional mortgage advisers and allow them to make informed decisions to get the best outcome for customers who are looking to raise capital.”