MBT Affordability partners with Mpowered Mortgages

Published on

Mortgage Broker Tools (MBT) has integrated its research platform with MPowered Mortgages.

MBT markets itself as an “affordability-first” research platform for brokers that delivers results across affordability, criteria, product rates and credit status.

It gives brokers a full compliance audit trail, providing one document that details the chosen product alongside and how it has been selected based on the combined considerations.

Tanya Toumadj (pictured), CEO at Mortgage Broker Tools, said: “House prices may have slipped, but affordability continues to be at the forefront of consideration for customers and brokers, as higher rates and the increased cost of living put a squeeze on borrowing power.

“A growing number of lenders are rising to this challenge, taking a more data driven approach to developing targeted affordability propositions, and MPowered Mortgages is a good example of a lender is harnessing technology to deliver higher LTI ratios than brokers might ordinarily expect.

“As lenders increase their appetite for business, we are likely to see more competition, not just on price, but also on affordability and criteria and platforms like MBT will empower brokers to research the full range of options quickly, easily and accurately. For every integration we complete, brokers have more opportunity to identify the most appropriate solution for their clients.”

Stuart Cheetham, CEO at MPowered Mortgages, added: “Often the best option for a client doesn’t come from a mainstream lender, but a rising, forward-thinking one like MPowered Mortgages.

“Integrating with MBT will enable brokers to quickly and easily research and compare our innovative proposition against more orthodox mortgage offerings, and we are confident that this will help brokers to better serve their clients.”

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

Intermediary confidence softens ahead of Budget as completions hold steady

Intermediary confidence dipped slightly in the third quarter as brokers entered the final weeks...

Professional landlords turn to specialist BTL as profitability reaches new highs

The growth of specialist buy-to-let lending is gathering pace as professional landlords restructure their...

Veitch joins Afin Bank board as independent non-executive director

Afin Bank has appointed Sally Veitch to its board as an independent non-executive director,...

Inspired Lending backs redevelopment of Grade II listed Cotswolds manor

Inspired Lending has provided a £1.8 million facility to support the purchase and refurbishment...

House prices slide as wealthy buyers brace for Budget tax raid

House prices have recorded their sharpest November fall in more than a decade as...

Latest publication

Other news

Intermediary confidence softens ahead of Budget as completions hold steady

Intermediary confidence dipped slightly in the third quarter as brokers entered the final weeks...

Professional landlords turn to specialist BTL as profitability reaches new highs

The growth of specialist buy-to-let lending is gathering pace as professional landlords restructure their...

Veitch joins Afin Bank board as independent non-executive director

Afin Bank has appointed Sally Veitch to its board as an independent non-executive director,...