MBT Affordability integrates with Metro Bank
Mortgage Broker Tools (MBT) has added Metro Bank to its MBT Affordability research platform.
MBT Affordability, which already features the largest panel of Residential lenders of any affordability platform, will now also include accurate calculations direct from Metro Bank.
Metro Bank offers a range of mortgages for a variety of circumstances, including First Time Buyer loans up to 95% LTV; professional mortgages for high earning customers and fully qualified, registered and practicing professionals; mortgages for older borrowers; large loans in excess of £2m; and near prime mortgages for customers with a less than perfect credit profile or low credit score.
MBT Affordability provides brokers with accurate 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. Results from all of the lenders will be delivered in under a minute, with no approximations or estimates.
Tanya Toumadj, CEO at Mortgage Broker Tools, said: “The mortgage affordability landscape is increasingly diverse, with a growing number of lenders that specialise in lending to different types of customers. This is good news for brokers as it means there is more likely to be a lender able to meet their client’s requirements. However, it also means that comprehensive research is an absolute necessity to ensure the right option is chosen, and that can be time consuming.
“This is where a research platform can prove so valuable – providing accurate results from multiple lenders in seconds. And, if you are going to use a research platform, you may as well choose the most comprehensive one available. MBT Affordability was already the most extensive and reliable affordability and criteria platform available and we continue to invest in developing the technology and integrating with new lenders. Metro Bank is an excellent addition to the platform and will provide brokers with even more affordability options for their clients.”
Charles Morley, director of mortgage distribution at Metro Bank, said: “At Metro Bank, we’re always keen to offer added value for our growing number of customers. We’ve introduced a number of significant improvements to our residential range in the last year, such as the launch of specialist mortgages, expanding our larger LTV offering and enhancements to our BTL range. By integrating with MBT Affordability, even more brokers will be able to provide greater value, flexibility and choice to borrowers.”