MCI Club extends into lifetime mortgages with OneFamily partnership

16 April 2020

The MCI Mortgage Club has appointed OneFamily to its growing lender panel, extending its range of products to include lifetime mortgages for its members. The partnership comes as a result of the Club’s desire to reinforce its later-life proposition for its members, with this market continuing to demonstrate value and opportunity for advisers.

MCI Club continues to enhance the membership offering to brokers during the Covid-19 crisis and looking into the future. The growing panel is backed by an improved technology proposition which includes the Burrow online digital broker platform, anti-money-laundering (AML) and credit reports within the eKeeper CRM system, and extensive sourcing options.

Phil Whitehouse, head of the MCI Club, said: “Adding OneFamily to our panel of lenders is a great addition for our increasing database of UK mortgage intermediaries. As borrowers’ circumstances get more complex, the range of lifetime mortgages available from OneFamily will be very popular with our members. In particular, their ability to judge each case on its merits, and for intermediaries to speak directly to the underwriters, will be a welcome change in this market so that more customer needs can be satisfied.”

Chris Brown, head of distribution at OneFamily Lifetime Mortgages, commented: “We are delighted to have been added to MCI Club’s Later Life panel and to have the opportunity work with its members who are providing lending solutions for their clients. As the third biggest friendly society in the UK, based on membership, and over 40 years’ experience of being a trusted provider of financial solutions for every key milestone, we see genuine value working with MCI Club members.”