Suffolk Building Society has joined the intermediary research platform, Mortgage Broker Tools (MBT).

With immediate effect, the full range of the society’s products will be available to MBT’s member base across the UK.

Launched in 2019, MBT aims to support brokers in finding suitable lending options based on a combination of affordability, criteria, product rates and credit status. The MBT platform recently surpassed 2.5 million affordability searches, less than two years after hitting its one million milestone.

Suffolk Building Society said that its manual approach to underwriting will allow the new partnership to provide brokers with more choice for specialist and complex cases.

Head of intermediaries at Suffolk Building Society, Charlotte Grimshaw, commented: “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.”

MBT CEO, Tanya Toumadj, added: “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.”

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