Pepper Money has become the latest lender to go live on Mortgage Brain’s Affordability Hub.
Affordability Hub formally launched last year and provides advisers with the ability to source products for their clients based on the results from the affordability calculators provided by partner lenders.
It is available at no added cost to fully registered users of Criteria Hub, Mortgage Brain’s criteria-based sourcing system, as part of their existing license.
Paul Adams (pictured), sales director at Pepper Money said: “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.
“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.”
Neil Wyatt, sales & marketing director at Mortgage Brain, added: “Momentum is building behind Affordability Hub, with advisers carrying out hundreds of searches every hour on the 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. It is already making a big difference to the workloads of adviser businesses of all sizes.”