“To keep up with rising house prices, borrowers need to be able to factor in their earned income as much as possible”
Mortgage Broker Tools has added The Mortgage Lender to its research platform MBT Affordability.
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MBT Affordability provides brokers with accurate calculations of how much their clients can borrow from a panel of more than 40 private and 65 buy-to-let lenders, based on affordability and criteria. Results from all lenders are delivered within a minute, with no estimates or estimates required.
MBT Affordability includes accurate calculations directly from TML.
Tanya Toumadj, CEO of Mortgage Broker Tools, said: “MBT Affordability has already been the most comprehensive and trusted affordability research platform on the market, but we continue to invest in developing the platform and expanding the panel. Access to a large panel of lenders is important to brokers, as in three-quarters of cases, the largest lender for affordability is not in the top 10 lenders.
“So identifying the most appropriate solution for a client means researching from a broad set of options – and that requires an award-winning platform like MBT Affordability. The addition of TML to our growing panel of lenders will open up new options for brokers and their customers, especially those who are self-employed or have a complex income structure.”
Steve Griffiths, sales and product director at The Mortgage Lender, said: “The pandemic has accelerated the pace of change in the way people earn their income, with a growing number of self-employed and people earning income from multiple sources.
“To keep up with rising house prices, borrowers need to be able to factor in their earned income as much as possible – and that’s exactly what we do at TML. With the ability to account for overtime and commissions and to take profits before taxes and salary for self-employed, we are providing more opportunities for clients to demonstrate their true affordability and this integration with MBT Affordability will help more brokers realize the benefits of to realize real life lending.”