View more on these topics

Knowledge Bank upgrade gives brokers proof of research

Home-House-Monopoly-Money-Property-700x450.jpg

Knowledge Bank is now providing detailed evidence of research for criteria searches.

The firm claims this is the first time that this has ever been available to the mortgage market.

The upgrade lets brokers find what a lender’s criteria is at an exact moment in time.

These findings will be time- and date-stamped and the broker will be able to be save them to PDF or print them.

Knowledge Bank chief executive Nicola Firth says: “Knowledge Bank is providing the missing piece of the jigsaw where evidence of research is concerned.

“The FCA requires brokers to provide evidence of research for their recommendations to their clients, but until now this has not been entirely possible.”

A broker will also be able to personalise their results with their name and company as well as the client’s name and address.

Intermediaries can also add details of the property amount, the loan amount and term and the repayment method.

Recommended

Tech-Technology-Computer-Binary-700.jpg

Knowledge Bank adds affordability calculators

Knowledge Bank has included affordability calculators for lenders registered on its system. The firm, which launched three weeks ago, offers a criteria search system for mortgages. The new affordability calculators aim to save brokers time by assessing which lenders cater for their clients’ circumstances. Knowledge Bank says the number of lenders on its system has […]

Tech-Technology-Computer-Pound-700x450.jpg

Connect teams up with search system Knowledge Bank

Connect for Intermediaries has teamed up with criteria search system Knowledge Bank. Some 4,000 advisers in the network will be able to access the criteria search system, which launched just last week. The system lets advisers search lenders’ criteria to help speed up the process of finding the best provider for clients. Advisers can search […]

landlord, BTL, words

Criteria Hub launches new BTL search tool

Broker portal Criteria Hub is launching a new search facility for buy-to-let mortgages. This new module will enable brokers to access information on how different lenders define a ‘portfolio’ landlord, and compare terms in one place. Criteria Hub director Jason Hegarty says many brokers are experiencing difficulties because lenders use different definitions of what constitutes […]

Money

Broker portal Criteria Hub nears launch

Broker portal Criteria Hub is nearing launch, letting intermediaries search and compare lenders’ residential criteria in one place for the first time. Criteria Hub lists lenders’ criteria and lets brokers run whole-of-market searches that show what different lenders allow. The system also gives additional information, such as whether there are any conditions attached to lender […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]

Newsletter

News and expert analysis straight to your inbox

Sign up