Integration further equips brokers the ability to find the right lender for customers
Mortgage Broker Tools (MBT) has announced the integration of 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 6.5 times loan-to-income, where affordable for homebuyers. The lender also supports buyers with complex income streams, such as overtime, bonus, or commission and 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.
“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,” said Tanya Toumadj (pictured), chief executive at Mortgage Broker Tools.
“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 at StrideUp, added that integrating with Mortgage Broker Tools would enable brokers to quickly and easily source by affordability their solution against more standard mortgage offerings.
“StrideUp offers a new and accessible way for first-time buyers to get onto the housing ladder,” Sturgess said. “Affordability is becoming a significant barrier in allowing consumers to purchase or remortgage presently and our proposition gives that flexibility.”
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