Mortgage Broker Tools (MBT) has integrated its MBT Affordability research platform with StrideUp, a new lender offering Home Purchase Plans.
StrideUp’s product offering combines a first-charge mortgage with a top-up equity sharing loan, meaning that it can provide up to 6.5x loan-to-income where affordable for homebuyers. The lender supports buyers with complex income streams, such as overtime, bonus or commission and it also accepts one year of trading history for standard self-employed applicants.
MBT Affordability provides brokers with accurate calculations of how much their clients can borrow from a panel of more than 40 residential and nearly 70 buy-to-let lenders, based on affordability and criteria. Results from all lenders are delivered in under a minute, with no approximations or estimates.
Tanya Toumadj (pictured), CEO at Mortgage Broker Tools, said: “Every lender integration we complete for MBT Affordability puts more power in the hands of brokers, better equipping them to research and find the most appropriate lender for their clients, based on affordability and criteria.
“Not only is MBT Affordability the most comprehensive affordability tool available in the market, it’s also the most sophisticated. With the inclusion of lenders like StrideUp, we make it easy for brokers to research different types of solutions that could benefit their clients, at the click of a button.”
Jon Sturgess, head of intermediary sales from StrideUp, added: “StrideUp offers a new and accessible way for first time buyers to get onto the housing ladder. Affordability is becoming a significant barrier in allowing consumers to purchase or remortgage presently and our proposition gives that flexibility.
“Integrating with Mortgage Broker Tools will enable brokers to quickly and easily source by affordability our innovative solution against more standard mortgage offerings, and we are confident that this will help brokers to better serve their clients.”
