They introduce new calculations and tools to support brokers in assessing client affordability
Specialist lenders Precise and West One Loans have introduced updates aimed at improving affordability assessments for brokers and their residential mortgage clients.
Precise, part of OSB Group, has revised its affordability calculations, increasing average borrowing capacity by 9%, with some cases seeing a higher boost. The update adjusts assumed living expenses, costs for dependants, and tax contributions while maintaining its policy of excluding child commitments from calculations.
Residential borrowing capacity boosted.🚀
— PRECISE. (@Precise_Mtgs) March 4, 2025
We’ve updated our affordability calculation process, meaning average borrowing capacity is enhanced, on average, by 9%.
Example. ⬇
Intermediaries only. pic.twitter.com/2l3s0X3LS1
“I’m really pleased we’re now able to offer greater affordability through these calculation updates,” said Adrian Moloney (pictured left), intermediary sales director at OSB Group. “These changes underpin our commitment to helping our brokers navigate around the inflationary pressures that affect their residential customers’ affordability.”
Meanwhile, West One Loans has rolled out an online affordability calculator, providing brokers with quick affordability assessments and borrowing limits for purchase and remortgage clients.
The calculator supports two product ranges: a core range offering standard loan-to-income (LTI) ratios up to five times income at 95% LTV, including first-time buyers, and an LTI Boost range with higher ratios up to 80% LTV for households earning at least ÂŁ50,000 annually.
West One also considers 100% of regular bonus, overtime, and commission income and offers flexible assessments for self-employed applicants, including those with only one year of trading on selected products.
“We are delighted to have launched another great tool for our brokers,” said Paul Huxter (pictured right), head of intermediary sales and distribution at West One Loans. “This new affordability calculator underscores West One Loans’ dedication to providing innovative solutions that simplify the mortgage application process.”
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