Mortgage Broker Tools (MBT) has announced a new integration with Metro Bank.
The move means that MBT Affordability’s research platform, which features a panel of residential lenders, will now also include accurate calculations direct from Metro Bank.
Metro Bank’s offering includes a variety of mortgages, including first-time buyer loans up to 95% LTV, professional mortgages for high earning customers, mortgages for older borrowers, large loans in excess of £2m, and near prime mortgages for customers with a 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 (BTL) lenders, based on affordability and criteria.
“The mortgage affordability landscape is increasingly diverse, with a growing number of lenders that specialise in lending to different types of customers,” commented MBT CEO, Tanya Toumadj. “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.”
Metro Bank director of mortgage distribution, Charles Morley, added: “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.”
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