Darlington Intermediaries has issued a new affordability calculator, powered by Legal & General.

The new tool, found on the Darlington website, has been designed to save time and effort, which the lender says is invaluable during what has turned out to be an extremely busy time for the mortgage market.

It adds that the calculator goes one further than many, too, in that the data fed into it is reported to the lender, where the demand and types of mortgages people are looking for can be incorporated into product development plans.

Darlington Intermediaries chief customer officer Darren Ditchburn says: “We know how precious time is to advisers and believe this will enable a quick and effective sense-check ahead of submitting a full enquiry. The fact the calculator also filters with sections of our lending policy leads to a better and more accurate decision, a slicker experience and most importantly saves time for advisers.”

And Legal & General Mortgage Club director Kevin Roberts adds: “Creating a more seamless mortgage journey has clearly never been more important for our sector than it is today.

“We think technology is absolutely critical to creating this streamlined mortgage process and this enhanced affordability calculator we’ve developed will help to drive operational efficiencies for Darlington Intermediaries.

“At the same time, our technology will help the lender to provide those quick decisions advisers want, so they can spend more time concentrating on what matters most to them – building strong client relationships and delivering valuable advice to their customers.”