The product will factor top-slicing and a client’s portfolio, including a visual representation of their portfolio.
This will allow brokers to see the effects of additional borrowing in real time, rather than relying on spreadsheets.
This comes as the company has developed a mortgage affordability tool which, it is claimed, queries every residential lender on the market in one place.
The tool takes customer income and expenditure and provides the results from 52 residential lenders in a table and chart in under 10 seconds.
- MBT introduces new affordability platform
- LendInvest secures HSBC funding to enter regulated home loan market
- Glenhawk launches free valuation offering
Other features include:
- low monthly pricing at just £5 per user, per month for unlimited checks
- shared ownership and Help to Buy options
- an easy-to-read graph clearly showing the spread of lender results
- a PDF report showing a graph and results for compliance files
- images of all affordability calculators to ensure trust in the results
- it has an API which allows larger brokers to integrate it into their CRMs, chatbots, websites etc
Malcolm Davison, a broker at UKMoneyMan, said: "BrokerSense’s affordability calculator is a real time-saving tool, having all the lenders’ calculators in once place is a real godsend.
“You can be really surprised by the output and a lender comes to mind that you wouldn’t necessarily have thought would have done the deal."
Leave a comment