Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > FREEDOM FINANCE REVEALS SECOND CHARGE SUPPORT FOR INTERMEDIARIES AHEAD OF MORTGAGE CREDIT DIRECTIVE CHANGES NEXT MONTH

FREEDOM FINANCE REVEALS SECOND CHARGE SUPPORT FOR INTERMEDIARIES AHEAD OF MORTGAGE CREDIT DIRECTIVE CHANGES NEXT MONTH

Published by Gbaf News

Posted on February 22, 2016

4 min read

Last updated: January 22, 2026

Business adviser discussing alternative finance options with clients - Global Banking & Finance Review — An image depicting a business adviser helping clients understand alternative finance options, emphasizing the importance of staying updated to better serve private businesses in today's competitive landscape.

Freedom Finance reveals strategy for intermediaries to boost confidence in second charge loans

Freedom Finance’s intermediary division, has today revealed its available options for intermediaries who will deal with second charge loans as of the 21^st March, when the Mortgage Credit Directive (MCD) comes into force.

They have developed three routes for intermediaries that put the customer at the heart of every decision, ensuring they are adequately informed and protected against any risks when taking out a loan secured against their home. The three options, which range from pre-packager, introduction and hybrid, will give advice and support to intermediaries, and help to ensure a smooth transition for those who wish to retain ownership of second charge loans.

The three options provided are:

Going solo
The master broker acts as a pre-packager and does not have any direct contact with the intermediaries client. Using the sourcing portal, intermediaries are able to see accurate options and quotes on offer for their client, based on their credit profile and history.

Who should consider this option? Intermediaries wishing to advise their customers themselves throughout the process and feel comfortable with compliance and responsibility of each sale. Should an alternative offer be needed, Freedom Finance will provide a full summary of why the sale could not be processed and offer alternative options for the intermediary to discuss with the customer.

Introduction only
Intermediaries can either pick up the phone or send an email to the dedicated intermediary broker support team and simply pass their customers’ contact details onto Freedom Finance who will then take care of every step of the process from sourcing, packaging, processing and finally completion.

Who should consider this option? Intermediaries who wish to allow Freedom Finance’s committed customer service team to deal with the client throughout the process via a fully compliant and regulated service.

Best of both
Intermediaries can use the sourcing portal and go through a non-advised route. This allows intermediaries to gather accurate quotes for client loans, based on their individual circumstances, without risking damage to their credit score and while still retaining control of the entire end-to-end process. The intermediary is provided with a comparison and will be able to advise their client of all the options on offer before passing them over to their recommended master broker who will be able to complete the sale.

Who should consider this option? Intermediaries who want access to all the options available to their customer but might not want to hold the compliance and give the full advice. The sophistication of the portal ensures intermediaries get accurate quotes and not indicative ones. This puts the intermediary in a strong position as the offer is real and available and this can often help in securing a sale.

Nicola Mooney, Head of Secured, Intermediary & Business Finance at Freedom Finance, comments:

“With the long awaited MCD now firmly on the horizon, Freedom Finance has been able to offer options to advisors that will help them adapt easily to the changes. Over the last year we have been training our team, recruiting the right talent and updating our processes to ensure we and all the intermediaries we work with are fully equipped.

“As the MCD steadily becomes implemented, the second-charge market will continue to develop and blend even further into the mainstream mortgage market. Many intermediaries will have different needs when it comes to incorporating seconds within their sales process so it is vital we offer the best options and steps to ensure they are truly familiar with all the options available. At Freedom Finance we believe in being adaptable and flexible to market requirements and we aim to ensure the needs of intermediaries are met with a personal and dedicated service that holds the customer at the heart of all our decisions.”