Mortgage Broker Tools has added Vida Homeloans to its MBT Affordability research platform.
The platform will include details of Vida Homeloans’ 270 products, which include residential, buy-to-let, HMO and multi-unit block products, as well as those aimed at clients buying flats above commercial properties and expat investors.
MBT Affordability offers a large panel of 40 residential and 66 buy-to-let lenders, providing brokers with accurate calculations of much their clients can borrow, based on both affordabilitiy and criteria.
The platform offers accurate results in less than a minute that do not include estimates or approximations.
Mortgage Broker Tools chief executive Tanya Toumadj says: “Our data shows that the top lender for affordability is not one of the top 10 lenders in nearly three-quarters of cases, so it’s important for brokers to carry out extensive research to ensure they are able to identify the most suitable solution for their clients.”
Vida Homeloans director of mortgage distribution Richard Tugwell adds: “This integration with MBT Affordability is an important step for Vida.
“MBT provides an invaluable tool for brokers. This is particularly useful for customers with complex income as there is a large variance in the loan sizes available to them and specialist lenders, like Vida, can often provide the most suitable solution.”
