Knowledge Bank has announced it is partnering with the Financial Intermediary and Broker Association (FIBA) to offer its criteria search system to FIBA’s members.

The criteria search specialist said the move will ensure members of FIBA have the ability to search both specialist and mainstream lenders’ criteria, particularly on more complex cases.

FIBA announced it has seen a recent increase in the number of transactions in specialist finance with some lenders on the FIBA panel reporting record months over the past quarter.

Knowledge Bank also suggested that another critical area for FIBA members is the “increasing scope” of mortgage regulation, and that the partnership will allow members of the association to provide evidence of research proving they are giving best advice – which the search specialist described as “good practice” on both regulated and unregulated cases.

“FIBA’s aim is to support financial intermediaries and deliver excellent products and services to their clients, which fits perfectly with our ethos,” commented Knowledge Bank CEO, Nicola Firth. “With the increase in specialist lending, Knowledge Bank is essential for brokers to see exactly which lenders will accept their cases.

“The searches take seconds and will help them to place more complex cases as well as their mainstream ones. We look forward to supporting FIBA members to continue to deliver excellence for their clients.”

FIBA executive chairman, Adam Tyler, added: “Staying up to date on lending criteria is crucial for brokers and so we have partnered with Knowledge Bank as it has the most extensive range of criteria in the market and allows unlimited criteria to be searched at any time.

“We are strong admirers of the work undertaken by their award-winning team and we know that together we can provide an indispensable service to all of our broker members, our lender partners and, most importantly of all, their clients.”

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