Mortgage Broker Tools (MBT) has added Market Financial Solutions (MFS) to its MBT Affordability research platform.

MBT Affordability, which already features the largest panel of residential and buy-to-let (BTL) lenders of any affordability platform on the mortgage market, will now also include BTL calculations direct from MFS.

MFS launched its BTL proposition earlier this year, focusing on complex cases with specialist requirements. The firm is now lending on a range of property types including unlimited size HMOs, and MUFBs up to 30 units, as well as holiday and student lets. It can also lend to foreign nationals, including those with no UK footprint.

MBT Affordability provides brokers with accurate calculations of how much their clients can borrow from a panel of more than 40 residential and almost 70 BTL lenders, based on affordability and criteria.

“A growing number of property investors are looking to more complex investments, like HMOs, MUFBs and holiday lets,” commented MBT CEO, Tanya Toumadj.

“Understanding the options for mortgages on these properties can be complicated as lenders each have their own way of assessing income and calculating affordability. So, technology is crucial in helping brokers to navigate the market and understand the best options for their clients.

“This integration will provide brokers with more opportunities to identify the best affordability options for their landlord clients, who are traditionally keen on achieving the best available leverage on their investment.”

Chief mortgage officer at MFS, Mike Cook, added: “We’ve already received great broker feedback on our BTL proposition and we have an ambitious growth mindset. One of our strengths is flexible ICR and large loan sizes to makes cases fit, and this matches MBT’s unique strength of using a whole batch of lenders’ affordability calculators in real time, to compare what lenders can offer.

“MBT integrates this with product sourcing and criteria so specialist brokers can save time and energy using one system to get the best deals, and is great for lenders like MFS to show what we can do to the wider market.”

Share Story: