The Mortgage Lender (TML) has launched an online maximum loan calculator, designed to offer brokers a more accurate indication of the loan amounts available for their applicants.
Brokers are asked to input details of the required loan and simple applicant details including income, monthly financial commitments and dependents. Brokers then find out in real time the results and the maximum loan value available.
Pete Thomson,, sales and marketing director at The Mortgage Lender, said: “Certainty is something we work hard to provide – in fact, 98% of our offers are on the same, if not better product rate as the decision in principle.
“The maximum loan calculator will help to further support brokers by providing them with a greater indication of the borrowers TML can help and the mortgage amounts we could provide for their applicants.
“Our customers told us they wanted this support and the launch of our maximum loan calculator is another example of how The Mortgage Lender can respond positively to the needs of the market.”