Suffolk Building Society has joined intermediary research platform, Mortgage Broker Tools (MBT), with immediate effect.
As a result of this partnership, the full range of Suffolk Building Society products will be available to MBT’s fast-growing member base across the UK.
The platform recently surpassed 2.5 million affordability searches, less than two years after hitting its one million milestone.
Launched in 2019, MBT aims to support brokers in finding the most suitable lending options based on a combination of affordability, criteria, product rates and credit status.
With Suffolk Building Society’s manual approach to underwriting, the partnership aims to provide brokers with more choice for specialist and complex cases.
Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “Mortgage Broker Tools has seen really impressive growth in recent months, so we’re particularly excited to be joining the platform.
“Broadening the reach of our niche, award-winning proposition to as many brokers as possible is always top of our agenda.
“Many brokers who use us will already have access to MBT either independently or via their firm/network/club, so ensuring that we’re present will help brokers see our proposition and feel confident in meeting their clients’ needs.
“It feels like the next step after building on the work we’ve already done with MBT, helping brokers disclose customer vulnerabilities to lenders.”
Tanya Toumadj, CEO at Mortgage Broker Tools, added: “It’s fantastic to have Suffolk Building Society onboard.
“Our goal is to provide brokers and their borrowers with as many options as possible, and the addition of Suffolk Building Society to our lender panel is especially helpful for brokers working on cases that fall slightly outside of standard residential borrowing, including lending into retirement, joint borrower sole proprietor, holiday let, self build and expat.”
