Over four in five brokers (86%) would say that mortgage affordability is “more complex than ever”, according to research by Mortgage Broker Tools (MBT).
A survey conducted among more than 400 brokers found that 43% said they strongly agreed affordability is more complex than ever, while a further 43% said they agree.
The findings came from an upcoming affordability white paper, which has been commissioned as an independent study and will be available later this month.
MBT revealed that researchers undertook a full study of the changing affordability landscape, how brokers integrate affordability into their advice process and how affordability can increase the number of lenders considered for a client and change lender recommendation.
The findings also showed that three quarters (76%) of brokers agree that having access to accurate affordability calculations is more important than ever to help them navigate the complexity.
“We process a huge amount of data from live broker cases and we use this to educate the market about affordability and help lenders to refine their propositions,” commented MBT CEO, Tanya Toumadj. “But we wanted to better understand the behaviours and attitudes of brokers when it comes to affordability.
“So, we commissioned researchers to undertake this independent White Paper to really get under the skin of today’s market. When it comes to the role of affordability in the advice process, the increasing complexity and the importance of accuracy, the results were conclusive.
“This is a key area of the market and it’s an area that is impossible to navigate without the right technology. We are looking forward to releasing more information later in the month about how brokers are using technology and what they want to see from lenders in the coming weeks.”
Latest News
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories