The platform was created to address first-time buyers’ concerns and confusion over the application process. Potential borrowers can access the necessary information to make informed decisions about the most appropriate mortgage products for their requirements – before they even begin an application process.

Unlike other online calculator models, which give indicative results based on applicants’ incomes, Burrow’s in-depth evaluation process results in a far more thorough, accurate assessment of their overall eligibility. The tool also lists the different types of Saffron mortgage products first-time buyers are eligible for.

Laura Bright, product manager at Saffron, commented: “We know that many first-time buyers find it difficult to understand the various mortgage options available to them, are unsure of how much they can borrow, whether they qualify and whether they are getting the best rate/product for their particular circumstances.

“By giving them access to more information before any initial appointments with a lender, Burrow not only saves first-time buyers valuable time, it also allows them to feel more clued-up about their current eligibility and mortgage options.”

The tool’s user-friendly, digital application is designed to streamline the mortgage application process, making it more convenient for applicants.

Laura continued: “The mortgage application process often requires a range of in-person and over the phone communication, making the process quite long winded and daunting. We wanted to address this, streamlining the process for our time poor customers through digitalisation, whilst still retaining the use of our human expertise.”