The Mortgage Lender has launched an online maximum loan calculator to give brokers more accurate loan amount indications to clients.
Brokers have to type in details of the required loan, as well as income, monthly financial commitments and dependents. They will then get an instant maximum lending figure.
The firm developed the feature following broker requests.
The calculator is live on the lender’s website.
The Mortgage Lender sales and marketing director Pete Thomson says: “The maximum loan calculator will help to further support brokers by providing them with a greater indication of the borrowers TML can help and the mortgage amounts we could provide for their applicants.”
“Our customers told us they wanted this support and the launch of our maximum loan calculator is another example of how The Mortgage Lender can respond positively to the needs of the market.”