Knowledge Bank has launched its affordability calculator AffCalc, in a move that marks a major expansion beyond its core criteria search capabilities.
Now available to all registered users – including both full subscribers and trial users – AffCalc integrates lender criteria into each calculation, allowing brokers to see instantly whether clients meet both affordability and policy requirements.
The full launch follows a successful beta phase shaped by broker feedback, ensuring the final system reflects the needs of intermediaries.
Knowledge Bank said the reaction from both brokers and lenders had been “overwhelmingly positive,” with a number of lenders proactively requesting to join the platform.
Nicola Firth (pictured), CEO of Knowledge Bank, said: “We’re excited to open up AffCalc to our entire user base.
“It’s a powerful new tool that combines affordability and criteria in a single check – helping brokers save time and approach lenders with greater confidence.”
AffCalc includes several features designed to streamline the broker workflow, including: the ability to edit data and re-run calculations without restarting the process; built-in criteria integration for enhanced precision; API connectivity for seamless use within lender systems.
Knowledge Bank, which already houses more than 165,000 criteria from 265 lenders, said AffCalc would complement its growing suite of broker solutions across residential, buy-to-let, bridging, commercial and other lending sectors.
AffCalc will be available for all users to explore throughout October, as Knowledge Bank continues to expand its role as a technology partner for brokers and lenders alike.
