Vida Homeloans has launched an online calculator to help intermediaries determine how much it can lend without going through the full application system.
The Residential Max Loan Calculator is known as ‘Max’.
Guy Batchelor, sales and marketing director at Vida Homeloans, said: “The Max calculator is the latest example of designing our technology around the needs of the intermediary and their customers, just as we have done with our 100% online application process so far.”
Martin Reynolds, chief executive at SimplyBiz mortgages, said: “Vida has built a very complex and sophisticated residential calculator.
“It’s a great tool for our members to be able to work with their customer and product variables to see how Vida’s maximum loan changes accordingly, before then proceeding to their online soft-footprint DIP and online full mortgage application.”