Legal & General Mortgage Club has announced the completion of an API led integration with Kensington Mortgages.

The move will allow advisers using the club’s SmartrFit tool to access criteria and lending options from the lender through open banking technology.

L&G Mortgage Club stated that the API integration uses open banking to provide a faster and more secure connection between the two parties. This is expected to benefit advisers by ensuring the information contained in SmartrFit is correctly updated in real-time to avoid potential outages when the lender makes changes to its criteria.

The integration with Kensington Mortgages follows SmartrFit recently adding Ipswich Building Society and Metro Bank to its panel, meaning the tool now provides over 92% market access for residential searches to its users.

L&G Mortgage Club head of mortgage transformation and operations, Clare Beardmore, commented: “The importance of having access to a diverse range of lenders has been brought into sharp focus over the past year as advisers process a greater number of complex cases in the wake of the pandemic.

“Our latest editions will not only broaden the range of options for users of SmartrFit, but by also using the latest open banking technology we’re creating an enhanced service which will further improve the accuracy of the results advisers see.”

Kensington Mortgages new business director, Craig McKinlay, added: “The pandemic has made it clear to us all that digital solutions are essential to innovation in the mortgage market and we hope that by integrating with the club via an API, we will ensure advisers are confident about our criteria when packaging cases.”

Share Story: