Shared equity loan provider, Proportunity, has announced a new partnership with Knowledge Bank, to make its products available on the criteria search platform for brokers.
Knowledge Bank’s criteria database is the largest in the UK and contains more than 135,000 individual criteria from over 270 lenders.
The shared equity loans provided by Proportunity are aimed at people with a 5% deposit to buy a property, and are available for up to £150,000 or up to 25% of the value of a property. They are available to first-time buyers as well as existing homeowners who want to move to a bigger property but only have a small deposit.
Proportunity chief executive and co-founder, Vadim Toader, said: “This exciting partnership will open up our criteria to a wider market through the power of the Knowledge Bank platform.
“Raising awareness among brokers of the solutions we can offer their customers, and giving them the ability to compare our products, will extend our reach to a far greater customer base.”
Knowledge Bank founder and CEO, Nicola Firth, added: “The addition of Proportunity is the latest benefit for our brokers. We are constantly adding lenders and categories to our platform to ensure we continue as the go-to search platform, and Proportunity offers a great new option for brokers working with first-time buyers
“As house prices continue to spike, the deposits needed to buy a property are continuing to increase. Proportunity gives first-time buyers another option through its innovative offering and it should help plenty of borrowers onto the housing ladder.”
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