Affordability platform launches to make affordability calculations easier for brokers
A platform called MBT Affordability has launched which helps brokers to research more of the market with one affordability calculator that gives accurate affordability for all mainstream lenders.
This means they no longer need to rely on income multiples and inaccurate estimates.
Brokers have access to a calculator that automatically and intelligently completes the individual lender calculators and collates the results. There are no approximations or estimates as the approach ensures 100% accurate affordability results every time.
Lewis Lenssen, managing director at Mortgage Broker Tools, said: “The launch of MBT Affordability confirms that income multiples are dead.
“Brokers no longer need to have to use inaccurate estimates for their clients, when they can access 100% accurate calculations from dozens of lenders in just a couple of minutes.
“MBT Affordability provides greater accuracy and saves time on every case, but is particularly valuable on cases with complex income, loan and credit commitments and 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.”
Julie Kennedy, company director at Warren & Co, added: “MBT Affordability is very much part of our sales process, it saves time and makes you feel confident in the information you pass on to prospective clients. We would not want to be without it.”
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.
Whether case details have changed, or brokers want to research the impact of clearing a debt, MBT Affordability said it makes it simple and fast to carry out the research.
It’s available on a pay as you go basis, with no long-term commitment and a free trial period.