The MBT platform now hosts more than 100 residential and buy-to-let lenders allowing brokers to check how much their clients can borrow based on affordability metrics and criteria.
Steve Griffiths, sales and product director at The Mortgage Lender, said: “The pandemic has accelerated the pace of change in the way that people earn their incomes, with growing numbers of self-employed entrepreneurs and people earning income from multiple sources.
“With the ability to consider overtime and commission and to take profit before tax and salary for the self-employed, we provide more opportunity for clients to demonstrate their true affordability and this integration with MBT Affordability will help more brokers to realise the benefits of real life lending.”
Molo and Tenet tie up
Digital mortgage lender Molo Finance has joined the Tenet Group lending panel to increase its digital lending proposition.
Francesca Carlesi, chief executive and co-founder of Molo (pictured), said: “I’m excited to have joined forces with Tenet Group. As a result, borrowers will be able to access Molo’s mortgages through one of the UK’s largest financial adviser groups.”
Ben Wright, director of strategic development at Tenet, said: “We’re really pleased to make Molo’s mortgages available to our advisers. Molo’s online platform uses technology to create a great customer experience and chimes well with our own strategy of using technology to make everyone’s life a little easier.”