MBT Criteria Search enables brokers to research exact criteria wording directly from nearly 100 lenders.

In addition, it provides brokers with a free text search bar that allows them to research any criteria term from any number of lenders on the panel.

According to the firm, the tool will be available free of charge for a limited period of time.

Tanya Toumadj, chief executive at Mortgage Broker Tools, said: “It’s very much our belief that the only way to guarantee up-to-date and accurate information is by sourcing it directly from lenders’ own resources and so, unlike other tools, MBT Criteria Search doesn’t rely on lenders needing to update our system separately to their own.

“Brokers can search for criteria using a free text search bar like Google, and MBT Criteria Search sources the information directly from the lender guides. It’s fast, accurate and gives brokers the peace of mind that they are accessing the correct information for their clients.

“We are continuing to work on new enhancements for both MBT Criteria Search and MBT Affordability with the aim of providing the most comprehensive and user-friendly tech-driven mortgage broker tools available.”