Legal & General’s tech solution, SmartrFit, has expanded its offering, integrating six buy-to-let rental calculators and a residential affordability calculator.
The expansion comes as part of new partnerships with CHL Mortgages, Zephyr Homeloans, Cambridge Building Society, Family Building Society, Accord Mortgages, and Marsden Building Society.
SmartrFit combines affordability calculators, client criteria, product sourcing, and property checking functionality.
The tool is accessible for all advisers free of charge, including Legal & General Mortgage Club members, or through third parties such as SimplyBiz Mortgages, One Mortgage System, and Smartr365. Advisers interested in exploring the capabilities of SmartrFit can request a demonstration.
Jodie White, head of mortgage products & transformation at Legal & General Mortgage Services, said: “We are thrilled to welcome six new lenders to SmartrFit. The collaboration is just another way that we are using technology to support brokers in our fast-paced market. Our goal is to highlight the wide-ranging benefits that introducing technology can bring to the mortgage industry.
“The time saved by brokers using integrated technology allows them to spend more time advising their clients. Our partnership with these lenders will bring real value to our users.”
Ian Cunningham, corporate account manager at Accord Mortgages, also welcomed the partnership: “Working with Legal & General to get our buy-to-let rental calculator within SmartrFit means we can add further support for brokers, so they can see not only our buy-to-let criteria but what we will lend to their buy-to-let landlord clients.
“The use of mortgage research tools is key in helping advisers work efficiently in the mortgage market today.”
