Mortgage Broker Tools (MBT) has integrated its MBT Affordability research platform with new lender, StrideUp, which is offering home purchase plans.
StrideUp’s product offering combines a first charge mortgage with a top-up equity sharing loan, meaning that it can provide up to 6.5 time loan-to-income where affordable for homebuyers.
The lender supports buyers with complex income streams, such as overtime, bonus or commission and it also accepts one year of trading history for standard self-employed applicants.
MBT Affordability provides brokers with accurate calculations of how much their clients can borrow from an estimated panel of 40 residential and 70 buy-to-let lenders, based on affordability and criteria.
“Every lender integration we complete for MBT Affordability puts more power in the hands of brokers, better equipping them to research and find the most appropriate lender for their clients, based on affordability and criteria,” said CEO at MBT, Tanya Toumadj.
“Not only is MBT Affordability the most comprehensive affordability tool available in the market, it’s also the most sophisticated. With the inclusion of lenders like StrideUp, we make it easy for brokers to research different types of solutions that could benefit their clients, at the click of a button.”
StrideUp head of intermediary sales, Jon Sturgess, added: “StrideUp offers a new and accessible way for first time buyers to get onto the housing ladder. Affordability is becoming a significant barrier in allowing consumers to purchase or remortgage presently and our proposition gives that flexibility.
“Integrating with MBT will enable brokers to quickly and easily source by affordability our innovative solution against more standard mortgage offerings, and we are confident that this will help brokers to better serve their clients.”
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