The calculator’s upgraded capability creates a more realistic model to accurately estimate a customer’s expenditure by household size,giving more flexibility in terms of lending levels offered.
Saffron Building Society has launched a revamped affordability calculator designed to assist brokers and their customers when choosing a new residential mortgage.
The calculator’s upgraded capability creates a more realistic model to accurately estimate a customer’s expenditure by household size,giving more flexibility in terms of lending levels offered.
Anita Arch, Saffron Building Society’s head of mortgage sales said: “In a world where financial vulnerability is monitored closely, and quite rightly so, it’s never been more important for brokers to help their customers estimate how much they can afford to borrow to buy a home.
“Saffron’s new enhanced affordability calculator offers a more sophisticated approach which we’re finding opens up many new lending opportunities whether it be a variable rate, fixed rate, first time buyer or a residential mortgage for the self-employed.”
