It now features residential and BTL affordability calculators from new partner lenders
Legal & General (L&G) has enhanced its affordability tool available through its tech tool SmartrFit following partnerships with nine lenders.
Five building societies – Hinckley & Rugby, Stafford, Suffolk, Buckingham, and The Nottingham – have added BTL products to SmartrFit’s affordability calculator for the first time.
SmartrFit now features residential products too from Harpenden Building Society, Marsden Building Society, The Mortgage Lender, and Principality Building Society.
Legal & General has also announced an overhaul of its tech offering, integrating all tech tools developed in the three years within SmartrFit, including SmartrCriteria. Aside from the affordability calculator and the criteria tool, SmartrFit’s features include product sourcing, including European standardised information sheets, illustrations, and evidence of research documents; and a property checker tool.
L&G’s SmartrFit tool is free to use and can be accessed by all advisers using a Legal & General agency number, including Legal & General Mortgage Club members or via third parties including SimplyBiz Mortgages, One Mortgage System, and Smartr365. Advisers can request a demonstration of the new-look tool online.
“We are delighted to mark the third anniversary of the launch of our tech offering with a significant package of new features, setting up our fantastic community of users for an even better new year,” Jodie White (pictured), head of mortgage products and transformation at Legal and General Mortgage Services, said.
“The mortgage market has moved quickly, so it’s only right that the tech tools used to support it also see the same rate of development. We look forward to introducing new modifications and inventions in the coming months, ensuring SmartrFit users have the tech of tomorrow today.”
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