Legal & General has added six new buy-to-let rental calculators and one new residential affordability calculator to its free-to-use tech tool, SmartrFit.
SmartrFit integrates affordability calculators, client criteria, product sourcing, and property checking functionality for brokers and has now partnered with CHL Mortgages, Zephyr Homeloans, Cambridge Building Society, Family Building Society, Accord Mortgages and Marsden Building Society.
The tool is accessible to all advisers.
Legal & General Mortgage Services head of mortgage products and transformation Jodie White says: “We are thrilled to welcome six new lenders to SmartrFit. The collaboration is just another way that we are using technology to support brokers in our fast-paced market.
“Ultimately, our goal is to highlight the wide-ranging benefits that introducing technology can bring to the mortgage industry. The time saved by brokers using integrated technology allows them to spend more time advising their clients. Our partnership with these lenders will bring real value to our users.”
Accord Mortgages corporate account manager Ian Cunningham says: “Working with Legal & General to get our buy-to-let rental calculator within SmartrFit means we can add further support for brokers, so they can see not only our buy-to-let criteria but what we will lend to their buy-to-let landlord clients. The use of mortgage research tools is key in helping advisers work efficiently in the mortgage market today.”
