Mortgage Broker Tools (MBT) has launched MBT Affordability.

It is designed to provider brokers with access to a single calculator that automatically completes the individual calculators for all mainstream lenders and collates the results.

MBT claims this ensures “100% accurate affordability results every time”.

It says the platform is particularly valuable for more complicated cases that include complex income or outgoings, such as multiple incomes sources, company directors, IT contractors and self-employed applicants as well as those with existing loan and credit commitments or properties in the background.

MBT Affordability also keeps a record of all cases and affordability results, providing an automatic compliance audit trail that demonstrates the best affordability research. Case details can be amended at any time and affordability can be re-queried.

The system is available on a pay as you go basis, with no long term commitment and a free trial period.

Lewis Lenssen, managing director at Mortgage Broker Tools, said: “It’s amazing to think that brokers still use income multiples to estimate affordability when people’s circumstances are often so complex. Different forms of income and credit commitments can significantly change the amount someone is able to borrow, which is why 100% accuracy on every case is so important.

“MBT Affordability gives brokers the confidence of accurate results and saves them time, particularly on cases with complex income, loan and credit commitments, or properties in the background. It helps brokers to work smarter, deliver better outcomes for their clients and demonstrate a clearer audit trail.

“There are no long contracts and no set-up costs. Just simple, straight-forward pricing to access this ground-breaking platform that provides brokers with more opportunity to find the right deal for their client, in less time.”