Mortgage Brain is piloting Affordability Hub with Countrywide and Openwork Advisers.

This first phase of the pilot will see a number of advisers from both Countrywide and Openwork input information on the property, income, debts and expenditure of their customers into Affordability Hub, which in turn will be sent to a range of lenders: Accord, Bank of Ireland, Barclays, Hinkley & Rugby, Halifax, HSBC, M&S, Nationwide, NatWest, Post Office, Precise, Principality, Santander, Scottish Widow, TSB, and Virgin.

The results will be collated and presented graphically and in a table format to include the maximum lending amount based on either the property or customer circumstances or both. A screenshot of the lender’s results is retained providing a comprehensive compliance record to support the advice given.

Mark Lofthouse, CEO of Mortgage Brain, said: “We are delighted that our partners, Countrywide and Openwork are supporting the Affordability Hub pilot in its first phase. “

“This pilot marks an important stage in Mortgage Brain’s drive to digitally enhance the mortgage process and transform sourcing. It is anticipated that by the end of the pilot at least 30 lenders will be included on Affordability Hub and that further phases will see more partners piloting the platform.”

Affordability Hub will be offered with Mortgage Brain sourcing and Criteria Hub licences at no additional charge. 2020 will see integrations between Mortgage Brain’s online and offline sourcing systems, MortgageBrain Anywhere and MortgageBrain Classic with both Criteria Hub and Affordability Hub.

Paul Shearman, proposition director from Openwork, added: “We are delighted to support the pilot of Affordability Hub as it offers our advisers a streamlined mortgage sourcing process, allowing them clearer and more detailed information to provide even better customer service.”