Knowledge Bank has joined with the Financial Intermediary and Broker Association (FIBA) to offer its criteria search system to FIBA’s members.

The association’s members will be able to search both specialist and mainstream lenders’ criteria.

FIBA has seen an increase in the number of transactions in specialist finance with some lenders on the FIBA panel reporting record months over the past quarter.

Nicola Firth (pictured), CEO of Knowledge Bank, said: “FIBA’s aim is to support financial intermediaries and deliver excellent products and services to their clients, which fits perfectly with our ethos. With the increase in specialist lending, Knowledge Bank is essential for brokers to see exactly which lenders will accept their cases.

“The searches take seconds and will help them to place more complex cases as well as their mainstream ones. We look forward to supporting FIBA members to continue to deliver excellence for their clients.”

Adam Tyler, executive chairman of FIBA, added; “Staying up-to-date on lending criteria is crucial for brokers and so we have partnered with Knowledge Bank as it has the most extensive range of criteria in the market and allows unlimited criteria to be searched at any time.

“We are strong admirers of the work undertaken by their award-winning team and we know that together we can provide an indispensable service to all of our broker members, our lender partners and, most importantly of all, their clients.

“This is the latest announcement in our plan to execute the rollout of a number of services and benefits for members and we will add more partnerships in the future.”