Mortgage Brain

33 BTL lenders provide lending information with Mortgage Brain

Mortgage Brain, has recently seen 33 new BTL lenders providing information with criteria hub.

The criteria hub has also published information from 45 residential lenders.

The mortgage technology firm has seen 164 lenders change their products recently.

Last week saw a 43% increase in mortgage product changes.

Lenders have been reducing or amending their product ranges, tightening criteria or in some cases, withdrawing their entire range.

Mark Lofthouse, CEO at Mortgage Brain, said: “We have seen an unprecedented change in lenders’ product ranges and I’m pleased that our team has pulled together with all of the changes being implemented within a day and all done with the team working from home.

“It’s good that we can make a difference. The increase in Criteria Hub users helps to alleviate pressure on help desks and colleagues as intermediaries and lenders can use it to help themselves.”

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