Your

Specialist Mortgage Desk Every family has a story... Welcome to ours

www.3-mc.com

YOUR SPECIALIST MORTGAGE DESK

About Our Family

Our Purpose

Every family has a story...

Your Specialist Mortgage Desk

3mc opened its doors for business from the family kitchen table by the two founding family directors Karen and

Saving brokers valuable time when researching specialist

Malcolm. This was back in 1996 when the original company

mortgage enquiries.

name was Mortgage Choice (UK) Limited. 3mc will research and provide brokers with access to both In 2007, whilst on a mortgage conference in London,

the lender core range and packager exclusive products and

Karen came up with the new company name - 3mc. The

criteria.

“3” represents Karen and her two children,

the “mc”

represents our historic roots, from the original company

Saving brokers valuable processing time by accessing lender

name “Mortgage Choice”.

onsite underwriters and representatives, speeding up the application process.

Fast forward to the present day, the 3mc family has grown to over thirty members of the team including the five family

Dedicated key account support manager.

directors. Exclusive and semi exclusive products through 3mc. Welcome to ours!

Our Story of Content

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9

About 3mc Our Services 3mcView - Your Broker Portal Onsite Lender Underwriters Lender Core & Exclusives, All In One Place Case Studies Packaged or Introducer Service Broker Testimonials Consumer Duty

YOUR SPECIALIST MORTGAGE DESK

An absolute great packager to deal with, their staff are helpful, friendly and professional. We have used 3mc for a number of years now and we have always found them great to deal with. They have a number of lenders on their panel and can help place any unusual cases. They also have access to several lenders who do not accept cases direct from a mortgage broker. They have never let us down, I would class them as an extra sales tool to help me assist a client.

John Wakefield

About 3mc 3mc is an award-winning specialist mortgage desk for mortgage intermediaries and a national packager and distributor of Residential, Buy to Let, Short Term Lending and Commercial Mortgages. If you are looking for a Mortgage Desk that can provide you with expert guidance and a wide range of mortgage products, look no further than 3mc. 3 key reasons to use 3mc... •

Onsite lender underwriters at 3mc

•

Access both the lender core range and packager exclusives in one place

•

Packaged or introducer service...You decide

3mc prides itself on its independent status working with directly authorised intermediaries and appointed representatives of all partner networks and mortgage clubs. The 3mc mortgage desk has a wealth of experience assisting mortgage intermediaries in the placement of their cases across our entire specialist panel of lenders.

YOUR SPECIALIST MORTGAGE DESK

Our Services

Your Specialist Lending Desk

3mcView

We understand that many people do not meet mainstream lending criteria for a variety of reasons. Our goal is to meet your clients’ needs through our strong lender partnerships with a range of innovative products available through our comprehensive lending panel.

Track all your cases from simple enquiries all the way through to completed applications via the 3mcView portal. With 24/7 access allowing you to check the status of your case whenever you want and from wherever you are.

Core and Exclusive Products

Introduced or Packaged

Gain access to lenders’ core products in one simple place along with exclusive products and criteria, giving you and your clients more options to select from.

We understand that you use our services for a variety of reasons, including having a specialist case that is outside of your core business and/or knowledge area, or simply not having the time to manage a specialist case and the complexities that it entails. That is why we provide a variety of ways for you to collaborate with us.

2,917 New broker registrations on 3mcView

21,508

New enquiries received on 3mcView

£ 4,196,930,734

New enquiries received on 3mcView Last update 10/04/2024 Visit 3mcView today https://3mc.omsystem.co.uk/

Access lenders in one place... 3mcView - Your Broker Portal 3mcView by 3mc is the only resource you’ll need for placing, sourcing, and tracking your specialist cases. 

Here’s why:

24/7 access allows you to check the status of your case whenever you want, wherever you are. Lender integration allows you to receive a full lender DIP response from just one input.

Track all your cases, from simple enquiries all the way through to completed applications. Case work flows mean you can keep up to date with your applications and where they are, just by logging in. Changing Lenders... No problem; once the information has been entered once, you can easily switch lenders and copy the case for your clients’ second, third, or fourth applications. Pre-populated application forms for each of our lenders will save you time and energy.

Register Here Submit An Enquiry

simple

Onsite Lender

Underwriters At 3mc we have number of different lender onsite underwriters based at our head office in Altrincham. This brings many benefits for all of our brokers including: •

Enhanced SLA’s when compared with dealing with the same lender direct

•

Mortgage offers produced in house by lender representatives at 3mc

•

Surety of decision the ability to discuss and provide confidence right at the start of the mortgage enquiry process

Lender Core & Exclusives,

All In One Place

We are here no matter how challenging your case may be, not just with our exclusive products and criteria, but also our lender partners core range as well. Coming through us will save you time, as all you need to do is enter your enquiry once into your broker portal, 3mcView. You will then access our specialist panel of lenders from one simple time-saving data entry point. Let our mortgage desk team make specialist lending easy for you.

3mc Exclusives

YOUR SPECIALIST MORTGAGE DESK

3mc solution The solution required a specialist refurbishment product which consisted of a light refurbishment bridge with the surety of exiting onto a term 5 year fixed BTL product once the works have been carried out. The benefit of the refurbishment product with Precise Mortgages is that once the works have been carried out while the bridging finance is in place, the next step is for a re-inspection to be carried out by the valuer, who will confirm the new open market value taking into account the works that have been carried out. We then have the opportunity to capital raise on the property based on the new open market value, the client chose to raise up to 75% of

Case Studies

the new market value which will pull funds out to cover the costs of the works and the bridging costs.

Result Customer Profile The client was a large portfolio Landlord who wished to purchase a new BTL property under a ltd company structure.

Scenario The client wanted to purchase a new BTL Property under a ltd company structure with a purchase price of £252,000, The valuer went out to the property and deemed that the property was not lettable day 1. 3mc challenged the valuer, but could not get this overturned.

The end product is a fully refurbished property with the client being able to re-coup most of the costs of the refurbishment within 6 months of the original purchase date. Precise Mortgages was the chosen lender on their Refurbishment Buy to Let product with a purchase price of £252,000. Open market value once works carried out £275,000 - £300,000 with the opportunity to remortgage at 75% of the confirmed value.

Packaged Or Introducer Service Mortgage packagers exist to provide solutions for advisers on cases they deal with on an infrequent basis, and so can give you the tools you need to make the most of every lead.

So why are so many advisers choosing to work with our packaged service? For packagers, specialist lending is our mainstream. We deal with specialist lenders on a volume basis and this means that we are full-time experts. In addition to expertise, packagers can provide you with access to lenders and criteria that are not available direct to advisers. A lot of new lenders entering the market at the moment are only available through packagers and many established lenders choose to distribute some of their most in-demand deals through packagers as this provides them greater control over the volume they lend on these popular products.

So why are so many advisers choosing to work with our introducer service? Should you wish to focus on other business areas then our extended introducer service will enable you to refer clients to 3mc safe in the knowledge that 3mc will provide a fully advised and recommendation process to your client and that you will receive a percentage of the gross revenue received at completion. There is a no cross-sell agreement in place for any other products apart from the mortgage. If the client re approaches 3mc for further mortgages or at the end of the product period, the client remains that of the introducer and the introducer receives the same commercial terms for repeat business.

Broker Testimonials "3mc are always there to assist and support my business. Whether it's a call or an email I always get a response in an efficient and friendly way. Their website is excellent with all the product information and ability to compare lenders, which saves me time and money. I class them as part of my business due to the help I get." Simon Allen Searchlight Finance

"Leigh was brilliant. Very responsive, kept me fully up to date, was happy to oblige when I requested he check a few things with the BDM before reporting to the lender (as I would do if I was submitting the case) and although it wasn’t the most straight forward case, it went through to offer pretty smoothly! I couldn’t fault it and I’d feel confident to use your packaging service again. I was very impressed, well done and thank you!" Carmen Green, Xpress Mortgages

"Sean and Mike at 3MC offer a very professional and reliable packaging service for my mortgage clients. Happy Adviser + Happy clients - would highly recommend!" Maxim Cohen

Consumer Duty As a packager we believe strongly in helping Brokers as much as we possibly can. As such, we have the mind set to implement the same rules and regulations.

All products and services that are sold or renewed from the 31st of July 2023 fall under the Consumer Duty, of which there are three key elements as follows:

Since September 2022 we have been actively working through the Consumer Duty requirements so not only are we abiding by the new principle but also to assure Brokers that by using us as their packager they are also meeting certain outcomes proposed under the Duty. But we haven’t stopped there, we have produced evidence to support our work which Brokers can also use as part of evidencing and embedding the Consumer Duty into its daily practice.

Consumer Principle

This is a new Principle, (Principle 12) which states that ‘A firm must act to deliver good outcomes for retail clients’. This Principle sets the tone and reflects the standard of behaviour the Regulator want from firms.

Cross-cutting Rules

The cross-cutting rules articulate the three key behaviours that the Regulator expect firms to deliver across all areas of the firm’s conduct:

Avoid causing foreseeable harm to customers Enable and support customers; Act in good faith.

Four Outcomes The four outcomes provide the rules and guidance setting more detailed expectations for firm’s conduct covering:

Consumer Understanding This outcome requires that communications are easy to understand, provide a balanced picture of the product, including the benefits, cost and risks. This includes providing the customer with everything they need in a timely way so that they can make an informed decision whether to proceed.

Products and Services The products and services a firm offers should meet the needs, characteristics, and objectives of the customers that they are targeted at.

Price and Value Products and services should be a fair price. But it’s not all about price, firms are also required to assess the value of the policy and the benefits it provides.

Consumer Support Consumers should receive support throughout the life of a product or service provided. This includes making it just as easy for a customer to get in touch to cancel or change a policy as it is to purchase, through the same channel. Read more

6 St George’s Court Altrincham Business Park Altrincham Cheshire WA14 5UA

0161 962 7800 [email protected] www.3-mc.com

This brochure is for professional intermediaries/brokers only.