OMS partners with new second charge lender Interbridge Mortgages

One Mortgage System (OMS) has announced a full application programming interface (API) integration with new second charge lender, Interbridge Mortgages.

Through the two-way integration, OMS users will gain access to Interbridge Mortgages’ technology, enabling quick lending decisions.

This will be available across the second charge specialist's offering which includes dynamic pricing and a Flex product range for customers needing more tailored solutions, without the need to rekey any data.

Neal Jannels, managing director of OMS, commented: “According to the latest Finance & Leasing Association figures, the second charge mortgage sector has enjoyed a strong start to 2024. In total there were 8,064 new second charge mortgages arranged over this period, with a value of £379m. These represent impressive figures and the recent launch of such an experienced, well-rounded and tech-focused proposition in the form of Interbridge Mortgages will serve to further bolster this important sector moving forward.

“Through this exciting integration, OMS users can expect streamlined processes and full access to an innovative product range which will help a growing number of people across the UK for whom a second charge option is the right financial solution.”

Jonny Jones, CEO at Interbridge Mortgages, added: "We all know the process of taking out a mortgage can be stressful and uncertain. At Interbridge Mortgages we want to change all that by ensuring our tech-led approach adds meaningful benefits which can save time and effort and create more certainty. So we are delighted to have launched with OMS to create a solution for our broker partners that delivers this. This integration means customers can get the financial solution that’s right for them more quickly and easily."

Yesterday, Interbridge announced that it has completed its first second charge transaction through a partnership with Aro Money.