Mortgage Brain has announced Pepper Money as the latest lender to go live on its affordability-based sourcing system, Affordability Hub.

The mortgage technology expert’s Affordability Hub launched last year and provides advisers with the ability to source products for their clients based on the results from affordability calculators provided by partner lenders.

Information on property, income, expenditure and debt of a client is brought together in a single, standardised form which is run through those calculators, to establish how much an adviser’s client may be able to borrow. 

“Affordability is an important consideration for brokers in choosing the right lender for their customers, and often the most suitable lender may not be one they first consider particularly if there is some complexity in the way the customers earn their income,” commented Pepper Money sales director, Paul Adams.

“A platform like Affordability Hub is a great tool in helping brokers to quickly and easily research the available mortgage options and is particularly useful as brokers can see the maximum loan size available from high street lenders alongside specialist lenders like Pepper Money.

“As we take a hands-on approach to underwriting every application, there may be scenarios where we are better equipped to meet the customer’s needs than a high street lender. By considering a wider group of lenders, brokers can be confident they have sourced the best solution for their customers.”
 
Mortgage Brain sales and marketing director, Neil Wyatt, suggested that advisers are carrying out hundreds of searches every hour on the Affordability Hub platform.

“The system is a game changer for advisers, allowing them to use their time more efficiently, safe in the knowledge that Affordability Hub has provided a fully compliant audit trail to support their advice,” Wyatt said. “It is already making a big difference to the workloads of adviser businesses of all sizes.”

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