Criteria sourcing provider Knowledge Bank has expanded its offering to include two new lending types to its system: bridging and commercial.
This adds over 9,000 new criteria to the system, bringing the total criteria to over 70,000.
Today’s announcement follows a six-month trial period with Connect for Intermediaries, in which time Connect’s brokers performed in excess of 3,000 live searches incorporating multiple criteria requirements.
The new functionality will be rolled out for all Knowledge Bank users at no extra cost.
Knowledge Bank chief executive Nicola Firth says: “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.
“Knowledge Bank is already the definitive source of data on mortgage and loan criteria and by expanding into these product areas brokers now have a one stop shop for eight separate loan types.”
Meanwhile, Connect for Intermediaries chief executive comments: “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.”