Leeds Building Society added to Affordability Hub platform

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The addition of the mutual means there are now 32 lenders live on the platform, which allows advisers to bring together information on a case into a single, standardised form and then run it through the affordability calculators of participating lenders. Results are delivered in around a minute.

According to Mortgage Brain, thousands of advisers have already signed up to the technology, spanning from large intermediary firms like John Charcol, Openwork and Sesame to significant numbers of individual advisers. Affordability Hub is available to the whole market, and is offered on a complimentary basis to fully registered users of Criteria Hub, the firm’s criteria-based sourcing system, as part of their existing licence.

Martese Carton, head of intermediary distribution at Leeds Building Society, said the lender was focused on how technology can support strong relationships with its intermediary partners.

She added: “Affordability Hub transforms sourcing, aiding the broker at one of the most critical points of the advice process, making it easier and quicker to get to the decision point and we’re delighted to be a part of this time-saving initiative.”

Neil Wyatt, sales and marketing director at Mortgage Brain, added that the feedback received from advisers showed that the system was making a big difference to their workloads.

He added: “It’s encouraging that more and more lenders are recognising the value of this sourcing option, enabling us to exceed the 30-lender milestone so quickly.”