Advisers have carried out affordability searches for mortgages worth a total of more than £1.5 billion on Mortgage Brain’s new Affordability Hub sourcing solution since its launch last month.

After filling out a standard form covering information about the borrower and property, Affordability Hub simultaneously runs the data through selected lenders’ affordability calculators with results returned in around a minute. A summary of how much the various lenders will consider lending together with a detailed report, including screen shots, provides advisers with a full audit trail to support compliance.

Affordability Hub was rolled out from the middle of May, initially to users of Mortgage Brain’s criteria-based sourcing solution Criteria Hub, before launching to users of Mortgage Brain Anywhere and Mortgage Brain Classic.

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https://www.financialreporter.co.uk/mortgages/15bn-sourced-through-mortgage-brains-new-affordability-hub.html