Legal & General has updated its SmartrFit tool to add new residential and buy-to-let (BTL) affordability calculators from nine lenders.
The lenders include Harpenden Building Society, Principality Building Society, Hinckley & Rugby Building Society, The Mortgage Lender, Stafford Railway Building Society, Marsden Building Society, Suffolk Building Society, Buckinghamshire Building Society and Nottingham Building Society.
Those that have also added products to SmartrFit’s affordability calculator for the first time include BTL Hinckley & Rugby Building Society, Stafford Railway Building Society, Suffolk Building Society, Buckingham Building Society and Nottingham Building Society.
In addition, Harpenden Building Society, Marsden Building Society, The Mortgage Lender, and Principality Building Society have added their residential products to SmartrFit’s affordability tool.
Legal & General has also integrated all technology tools developed in the three years within SmartrFit, including SmartrCriteria.
This functionality is available for residential and BTL products while the criteria tool also features additional lending types.
Legal and General Mortgage Services head of mortgage products and transformation Jodie White comments: “We are delighted to mark the third anniversary of the launch of our tech offering with a significant package of new features, setting up our fantastic community of users for an even better new year. The mortgage market has moved quickly, so it’s only right that the tech tools used to support it also see the same rate of development.”
