MCI Mortgage Club has partnered with Fluent Money to offer brokers who offer second charge mortgages a new referral service.

Members of the club will now be able to pay a £100 fee each month, with procuration fees paid as rebates.

The deal also provides discounts for the ekeeper CRM system and customer integration tool Burrow.

Fluent Money boasts of being a technology driven distributor. Consequently, its sourcing and case tracking systems can be accessed through a smartphone app and its ID checking systems negates the need for paper documents.

This is the first move into the second charge market by MCI Mortgage Club.

MCI head Melanie Spencer says: “As technology is at the heart of MCI, it made perfect sense for us to partner with a technology focused secured loan provider as we take our first steps into the second charge sector.

“I personally believe there will be a greater demand for secured loans going forward, especially if people’s circumstances have changed because of the impact of Covid. A secured loan can often be a better option than remortgaging or taking a further advance on the first mortgage.”

And Fluent Money head of intermediaries Jeff Davidson adds: “We are thrilled to be partnering with MCI Mortgage Club, and very confident that we will be able to offer their members a choice of the best solutions, which will meet their borrowing requirements, particularly within the current climate.”