Knowledge Bank’s top searches are max age, interest-only and self-employed

Jessica Nangle

October 13, 2017

The top three broker residential searches on Knowledge Bank in September included interest only and self-employed with one year’s accounts.

The top three buy-to-let searches on Knowledge Bank were minimum income, lending to limited companies and first-time landlord.

Brokers have conducted almost 12,000 criteria searches on Knowledge Bank, with the number of individual pieces of criteria increasing by over 7,000 from the start of September.

Newcastle slashes buy-to-let and self-employed rates

The number of lenders on Knowledge Bank has shown consistent increases, going from 43 to 60 in just over a month.

Nicola Firth, chief executive of Knowledge Bank and its parent company Compass Systems, said: “It is incredible to see how popular Knowledge Bank already is with both brokers and lenders.

“The fact that brokers are placing cases they never thought were possible is great for the broker but particularly good for their clients.

“It means that brokers can now offer an even better service while clients can now get a solution to their mortgage needs which they may not have been able to before.”

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