Mortgage Broker Tools (MBT) has integrated its MBT Affordability research platform with Proportunity.
Proportunity provides ‘Help-to-Buy’ style shared equity loans for owner resident property purchases (both new and old builds) in England and Wales, boosting deposits by up to 25%.
Whilst MBT Affordability provides brokers with calculations of how much their clients can borrow from a panel of more than 40 residential and 65 buy-to-let lenders, based on affordability and criteria.
Tanya Toumadj (pictured), CEO at Mortgage Broker Tools, said: “At MBT, our research platform helps brokers to identify the best solution for their clients by showing them options they may not have otherwise considered. But we do more than just that.
“We’re also on a mission to use our unique data and insights to help reduce the number of enquiries that are considered to be unaffordable and this integration with Proportunity is a great example of that in action.
“By showing the borrowing potential that clients have if they take an alternative approach, we’re making it even easier for brokers to add value and secure the loan size they need.”
Stefan Valentin Rusu, head of business development at Proportunity, added: “Proportunity helps borrowers to maximise their affordability and can prove a flexible, cheaper alternative to achieve the needed loan size .
“It provides customers with more choice and less compromise: This integration with MBT Affordability is very important as it allows brokers to easily see how the two mortgages stack up and how going ahead with a shared equity loan makes sense for their customers. As an example, it can help to deliver 6x LTI with a 5% deposit, at a blended cost of under 2.9% and it’s available on both new and old builds.
“By showing the lending potential of, for example, a Proportunity shared equity loan alongside a Halifax mortgage next to other affordability options, brokers will have instant access to all of the information they need to identify the best solution for their clients.”