Knowledge Bank’s affordability sourcing platform AffCalc has surpassed 50 lenders, after launching with 33 lenders.

The firm said the milestone reflected growing lender demand to be included on the platform, with new affordability calculators being added regularly.

AffCalc was developed to help mortgage brokers check affordability across multiple lenders while also assessing whether clients meet lending criteria.

The system combines affordability calculations with Knowledge Bank’s criteria database, so brokers are shown lenders whose affordability requirements and criteria match the client’s circumstances.

Knowledge Bank said this reduces the risk of brokers identifying a lender that appears affordable, only for the case to be declined because of criteria restrictions.

The firm said the expansion of lender participation gave brokers a broader view of the market and would help them deliver better outcomes for clients more efficiently.

Shane Chawatama, sales director at Knowledge Bank, said: “Reaching more than 50 lenders on AffCalc is a significant milestone and one we’re incredibly proud of. When we launched with 33 lenders, we knew the proposition was strong, but we’ve been genuinely blown away by the enthusiasm from lenders wanting to be included on the platform.

“Our team has worked tirelessly alongside lenders to integrate new calculators quickly and accurately, and that collaborative approach has enabled us to continue expanding almost every week.

“What makes AffCalc different is that it doesn’t just show who can afford the case, it shows who can afford the case and whose criteria fit the client’s circumstances.

“That combination is unique in the market and means brokers only see lenders who are genuinely viable options, saving them considerable time and effort.

“At Knowledge Bank, we’ve always been committed to helping brokers find solutions faster and with greater confidence. We became the market leader in criteria sourcing by continually innovating and listening to what brokers need, and we have the same ambition for affordability.

“Our goal is to become the leading affordability provider in the industry, delivering the most comprehensive, accurate and broker-focused solution available.”