The newly added criteria include BTL with refurbishment needed, BTL unemployed applicants and residential and BTL with escalating ground rents.
The new terms are additional to 700 existing criteria that provide 45,000 searchable lender entries. They expand niche criteria and existing searches, it said.
The changes were made largely based on feedback from advisers and lenders.
Criteria Hub was acquired by Mortgage Brain in March 2019, and the technology firm reported use of the system had grown by 70 per cent in the six months following the acquisition.
“Access to specific lending criteria is becoming even more vital because vanilla cases are no longer the norm,” said Mark Lofthouse, chief executive of Mortgage Brain (pictured).
“Brokers can now provide better advice and lender options to their customers. We recognise our customers’ input as integral to us to providing them with the systems they need.
“By expanding our search terms following feedback, we’ve shown our continued support for customers and our commitment to listen, invest and innovate,” Lofthouse added.
Mortgage Brain will finalise integrating Criteria Hub into its online mortgage sourcing system Mortgage Brain Anywhere and its offline system MortgageBrain Classic, in 2020.
Adviser firms currently using Criteria Hub include Countrywide, Fluent Money for Advisers, John Charcol, Mortgage Force, Mortgage Intelligence, Openwork, Online Mortgage Adviser, Tenet, The Mortgage Alliance (TMA) and The Right Mortgage & Protection Network (TRM).
