Knowledge Bank has created an easy way to see lenders’ current SVRs.
It has instigated a complete point of reference of all residential and buy-to-let lender LTVs.
At 2pm on Thursday, broker Phil Leivesley of Leivesley Mortgage Services Limited, tweeted to criteria search systems with a request for them to create a category for lender SVRs so that there was an easy-to-use-point of reference for brokers, to keep up to date with all of the changes that the industry has seen recently.
Phil is an experienced broker but is struggling to keep up to date with what lenders’ SVRs are in the current climate as they are changing so frequently.
By 9.00am on Thursday morning, the Knowledge Bank team had created a new fully-searchable feature on their system, to house SVRs from every lender, for both residential and buy-to-let mortgages.
Knowledge Bank has created a whole new feature for LTVs on its criteria search system, so that brokers have an always up-to-date point of reference.
Nicola Firth, CEO of Knowledge Bank, said: “We saw Phil’s request and the whole Knowledge Bank team agreed to rise to the challenge. Full credit to the team, they worked their socks off to turn this request for an easy-to-use-point of reference, into a reality.
“This is a great example of technology moving at an incredible pace to keep up with the evolving needs of brokers, and demonstrates that Knowledge Bank is here for brokers and both willing and able to support them, no matter what might happen in the market.”