Age Partnership has seen a three-fold increase in their residential and buy-to-let mortgage business since signing up to criteria searching system Knowledge Bank.
Retirement finance specialist Age Partnership is most well-known for providing an equity release service, however it also offers a standard mortgage solution specifically for over 50s who either don’t qualify for equity release or their circumstances better suit a traditional residential or buy-to-let mortgage.
Anthony Barratt, mortgage desk manager at Age Partnership, said: “Since using Knowledge Bank, we’re able to deal with our clients’ cases in a much more time efficient way.
“This frees up time for our advisers to provide the client lead service that we pride ourselves in, as well as giving them time to speak to an ever-increasing number of clients.
“As a result, we have seen the amount of business we are writing more than treble, which is an amazing result.”
Most of the customers passed onto to Barratt’s team often have multiple criteria to take into account, making their cases quite difficult and time-consuming to place.
Nicola Firth (pictured), chief executive of Knowledge Bank, said: “This is exactly why Knowledge Bank exists; to make life easier for brokers and intermediaries to place cases.
“We now have more than 70,000 individual criteria being kept up to date by more than 150 leading lenders across residential, buy-to-let, equity release, self-build, second charges and overseas mortgages.”