Knowledge Bank added second charges and bridging to its live feed as an increasing number of lenders change products or pull lending in these sectors.
Following significant changes to their free COVID-19 live feed, Knowledge Bank has seen 1325 brokers signing up in the two weeks since its launch.
Knowledge Bank added second charges and bridging to its live feed as an increasing number of lenders change products or pull lending in these sectors.
It has also added several new categories for residential and buy-to-let.
The feed was created to help the market, providing brokers with a free of charge, single point of reference for every lender’s criteria, policy and processes relating to the COVID-19 situation.
Knowledge Bank has now updated its free live feed so that brokers can search under the certain categories for residential and buy-to-let relating specifically to COVID-19 policy and processes.
Nicola Firth, founder and chief executive of Knowledge Bank, said: “The number and type of changes we have seen from lenders in the past two weeks are completely off the scale of anything ever seen before.
"Not only are lenders having to make fundamental changes, they are having to do it while working from home and often with a reduced number of staff.
"For brokers trying keep on top of these changes and advise their clients trying to it must feel like a tsunami.
“We have added new categories to our free-of-charge ‘COVID-19 Criteria Live Feed’ lender changes in order to play our small part in helping advisers to keep advising, especially at this time when their clients need them most.”
