The just-launched calculator was developed off the back of feedback from brokers. Members of the lender’s Gen H Club have had access to the calculator over the last two weeks.
The tool includes features which brokers suggested would streamline the process of calculating affordability, which includes more nuanced loan sizing and the ability to view applicable products within the calculator itself.
The calculator launch follows the redesigned criteria centre introduced by Gen H, which the lender said had been built from the ground up.
Gen H said that May saw its broker panel increase to more than 12,000 advisers across England and Wales. It has previously said it is on track to take this panel to 15,000 this year.
Pete Dockar (pictured), chief commercial officer at Gen H, said the lender was looking to use technology to “build a fairer housing market”, arguing that many of the systems used by other lenders are “relics of decades passed, and it makes an adviser’s job much harder”.
He continued: “We are creating a more streamlined and frankly pleasant process for our intermediary panel because when systems are thoughtfully designed, everyone benefits – from our broker partners to their clients and our own wonderful Gen H team.”
