MBT Affordability being used by 3,000 new brokers

Published on

Over 3,000 new advisers now have access to MBT Affordability through their mortgage clubs and networks, after a series of agreements with Mortgage Broker Tools.

Members of New Leaf, Paradigm Mortgage Services, Tenet and Sense all now have access to MBT Affordability, which provides brokers with a single eligibility calculator based on affordability and criteria for more than 40 residential and 65 buy-to-let mortgage lenders.

As well as these new partnerships, Mortgage Broker Tools has also announced that MBT Affordability has surpassed 10 million searches to date, carrying out research on mortgage cases worth over £80 billion.

Tanya Toumadj (pictured), CEO at Mortgage Broker Tools, said: “These new partnerships will make it even easier for brokers to access the most extensive and reliable affordability research available in the market. It’s clear that affordability is just as important as criteria and rate sourcing for brokers in finding the most suitable lender for their clients, and the extraordinary growth of MBT Affordability over the last year shows just how many intermediaries are turning to market leading technology to make it quicker and easier to make better recommendations.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Rightmove warns property tax reforms could stall housing market

Rightmove has warned the government that proposed changes to property taxation risk distorting the...

Bradford retains crown as UK’s leading property hotspot

Bradford has once again been named the country’s most in-demand housing market, topping OnTheMarket’s...

Keystone reduces expat buy-to-let rates and adds new product

Keystone Property Finance has reduced rates across its expat buy-to-let range, cutting selected fixed...

Gatehouse cuts buy-to-let rental rates and eases paperwork

Gatehouse Bank has cut rental rates by 0.25% across its buy-to-let purchase plans for...

The Exeter: most consumers value advice when purchasing insurance

Almost two-thirds of consumers prefer to purchase insurance following professional advice, according to new...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while...

Other news

Rightmove warns property tax reforms could stall housing market

Rightmove has warned the government that proposed changes to property taxation risk distorting the...

Bradford retains crown as UK’s leading property hotspot

Bradford has once again been named the country’s most in-demand housing market, topping OnTheMarket’s...

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...