Knowledge Bank has rolled out the full release of its new affordability assessment tool, AffCalc, giving all brokers registered with the criteria search platform – including both subscribers and trial users – access to the system.

The launch follows a successful beta phase during which broker feedback was used to refine the tool.

AffCalc integrates lender criteria directly into the affordability calculation, allowing brokers to assess borrowing capacity with greater accuracy and confidence.

Nicola Firth, chief executive of Knowledge Bank, said: “We’re excited to open up AffCalc to our entire user base. It’s a powerful new tool that combines affordability and criteria in a single check – helping brokers save time and approach lenders with greater confidence.”

Knowledge Bank said it had received strong interest from lenders keen to join the system, with many already working with the firm to integrate their data. The onboarding process has been designed to be swift, ensuring lenders can be added quickly to the platform.

AffCalc allows brokers to make edits at any stage of the process and re-run calculations without restarting, while API connectivity enables the tool to be integrated within lender systems.

The addition of built-in criteria means affordability assessments now reflect policy nuances specific to each lender.

The tool will be available for all users to explore and test throughout October. It joins Knowledge Bank’s growing suite of digital solutions aimed at improving efficiency and accuracy for mortgage professionals.

Knowledge Bank, which hosts more than 165,000 criteria across 265 lenders, said the development underlines its ongoing commitment to providing brokers with practical tools shaped by user feedback and designed to streamline case placement across all sectors of the mortgage market.