Shared equity loan provider, Proportunity, has joined forces with Knowledge Bank to make its products available on its criteria search platform.
The Knowledge Bank criteria database contains over 135,000 individual criteria from over 270 lenders.
Vadim Toader, Proportunity chief executive and co-founder, said: “This exciting partnership will open up our criteria to a wider market through the power of the Knowledge Bank platform.
“Raising awareness among brokers of the solutions we can offer their customers, and giving them the ability to compare our products, will extend our reach to a far greater customer base.”
The shared equity loans provided by London-based Proportunity are aimed at people with only a 5% deposit to buy a property, and are available for up to £150,000 or up to 25% of the value of a property. They are available to first-time buyers, and also to existing homeowners who want to move to a bigger property but only have a small deposit.
Nicola Firth (pictured), CEO of Knowledge Bank, added: “The addition of Proportunity is the latest benefit for our brokers. We are constantly adding lenders and categories to our platform to ensure we continue as the go-to search platform, and Proportunity offers a great new option for brokers working with first-time buyers
“As house prices continue to spike, the deposits needed to buy a property are continuing to increase. Proportunity gives first-time buyers another option through its innovative offering and it should help plenty of borrowers onto the housing ladder.”
