Newcastle Intermediaries says it has completed its integration with Legal & General’s SmartrFit affordability and criteria tool, which will provide brokers with calculations for the lender’s residential and buy-to-let mortgages.
The broker-only arm of Newcastle Building Society says: “This integration is intended to save time for advisers, who can now focus on providing a more personalised and bespoke service for their client base.”
Legal & General’s SmartrFit tool, launched almost two years ago, is free-to-use and can be accessed whether an adviser is a member of the financial group’s Mortgage Club or not, although users will need an agency number to log in.
Legal & General Mortgage Club head of lender relationships Danny Belton says: “Newcastle Intermediaries has provided the mortgage market with products and services for over 150 years.
“We are delighted to support their integration with SmartrFit, which will continue to raise their profile and awareness of their proposition across Legal & General Mortgage Club’s broker network.
“We launched SmartrFit in November 2020 with the aim of improving the mortgage journey, for both brokers and lenders.
“Through our affordability calculator, brokers are able to complete a wider search of the market and save both money and time at the operational stage of their advice journey. With these results at their fingertips, we hope to drive value for both intermediaries and the customers they serve.”
Newcastle Intermediaries head of intermediary mortgages Franco Di Pietro adds: “Our most recent integration with Legal & General’s SmartrFit platform means we are able to offer accurate affordability results, alongside criteria and products, much earlier on in the process for a significant number of brokers in the intermediary space.
“This partnership not only strengthens our commitment to innovation, but will ultimately support brokers in establishing affordability for their clients in an efficient manner, and is another important step in our digital mortgage transformation programme.”
