Transforming second charge mortgages in the UK
Within three months after launch
- in loans distributed
INTERBRIDGE MORTGAGES
About the customer
Launched in early 2024, Interbridge Mortgages is a new and innovative second charge lender. With their team’s extensive experience in the UK second charge industry spanning decades, their aim is to help customers find the right financial solution via their network of broker partners.
They’re set to redefine the second charge mortgage sector in the UK through tailored financial solutions to brokers and customers across England, Scotland and Wales.
Intermediaries can help customers borrow from £15,000 to £500,000 over 5 to 30 years, with variable or fixed options.
The challenge
A new lender with big ambitions
Interbridge Mortgages was founded to address gaps in the second charge mortgages market, offering brokers innovative solutions and making it easier for borrowers to access products that fit their needs.
As a new lender, they had to navigate the challenges of a new market entrant in a highly regulated environment. They needed a partner that could unburden them and could easily integrate smoothly within their broader selected SaaS ecosystem to build a comprehensive product offering that would kick-start their journey and future-proof for growth without overextending resources.
The solution
A new mortgage offering that hits the mark
Mambu was chosen for its best-in-class integration capabilities, low-code/no-code configurability, and proven track record in the global lending space. Together with Mambu, they now deliver a competitive customer-centric mortgage products through a seamless, technology-driven approach.
- 16 product variants to meet diverse customer needs, including fixed & variable rates, with and without Early Repayment Charges
- Launched in just nine months
The result
Rapid deployment, quick returns
The flexibility of the Mambu platform allowed Interbridge Mortgages to go live in as little as nine months allowing the new lender to start generating income as soon as it hit the market.
Within just three months after the launch, they are already supporting 1000 customers and have distributed over £60 million in loans.
“Reaching these significant milestones in such a short time is a testament to the flexibility and scalability of the Mambu platform, making them the ideal partner for our growth. We look forward to continuing this partnership as we build on our phenomenal launch.”
- Jonny Jones, CEO at Interbridge Mortgages
Rethink mortgages with Mambu
A flexible and agile core banking system to launch products quickly, offer great customer experiences, and adapt to new opportunities.
