Knowledge Bank adds bridging and commercial search

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  • 11/09/2018
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Knowledge Bank adds bridging and commercial search
Knowledge Bank has expanded its criteria sourcing system to include bridging and commercial loans.

 

This will extend the search system to eight different loan types.

Advisers using Knowledge Bank will have the ability to place their bridging and commercial cases via Connect for Intermediaries.

The addition of the new sectors has added more than 9,000 individual criteria to the Knowledge Bank system taking the total criteria held by the system to over 70,000.

This includes previously unpublished criteria and policy information, across all lending types, that cannot be found via lender websites or product guides.

Nicola Firth, CEO of Knowledge Bank (pictured), said this followed a period of working closely with providers in these sectors to understand criteria complexities and conditions so that brokers do not have too.

She added: “Both bridging and commercial sectors are expanding with new entrants and new products and as such should provide an exciting opportunity for brokers.

“Complicated criteria conditions should not act as a barrier to entry for brokers looking to seize new income opportunities and that’s why we’ve made it easy to quickly and easily find a home for a client’s case.”

Liz Syms, CEO of Connect for Intermediaries, said: “Until now it has been incredibly difficult for brokers to navigate this market unless they are dealing with a wide range of lenders every day as we are at Connect.

“Connect will therefore continue to help brokers who understandably still need additional help and support in finding the right mortgage and presenting their case in such a way that it will give it the best possible chance of success.”

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