The Cumberland Building Society has launched its affordability calculator to help improve the mortgage application process for brokers.

The new tool has advanced the building society’s digital offering following the expansion of its mortgage intermediary proposition.

The service is currently available to brokers within the mutual’s restricted distribution area.

The Affordability Calculator enables brokers to assess mortgage affordability for their clients without needing to contact The Cumberland directly.

The tool offers real-time affordability estimates in minutes, allowing brokers to serve their clients more efficiently.

The Cumberland says the calculator was developed in response to broker feedback.

Cumberland Building Society head of intermediary lending Grant Seaton says: “This tool is a game-changer for both brokers and our team. The introduction of the Affordability Calculator empowers brokers to engage with us anytime, significantly reducing the application process by up to two days.”