Mortgage Broker Tools (MBT) has announced the addition of The Mortgage Lender (TML) to its MBT Affordability research platform.

MBT Affordability already features the largest panel of residential lenders of any affordability platform on the market and will now also include accurate calculations direct from TML.

TML offers a range of mortgages built for real life lending and specialises in lending to the self-employed, taking the most recent year’s salary and share of profit before tax for limited company directors.

MBT Affordability provides brokers with accurate calculations of how much their clients can borrow from a panel of more than 40 residential and 65 buy-to-let (BTL) lenders, based on affordability and criteria. Results from all of the lenders will be delivered in under a minute, with no approximations or estimates.

“Access to a large panel of lenders is important for brokers as in three quarters of cases, the top lender for affordability is not one of the top 10 lenders,” commented MBT CEO, Tanya Toumadj.

“Identifying the most appropriate solution for a client means researching from a wide group of options. The addition of TML to our growing panel of lenders will open up new options for brokers and their clients, particularly those who are self-employed or have a complex income structure.”

TML sales and product director, Steve Griffiths, added: “The pandemic has accelerated the pace of change in the way that people earn their incomes, with growing numbers of self-employed entrepreneurs and people earning income from multiple sources.

“In order to keep up with accelerating house prices, borrowers need to be able to consider as much of their earned income as possible.

“With the ability to consider overtime and commission and to take profit before tax and salary for the self-employed, we provide more opportunity for clients to demonstrate their true affordability and this integration with MBT Affordability will help more brokers to realise the benefits of real life lending.”

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