Affordability Hub is now available to the whole of the market! If you’re a fully registered user of Criteria Hub, it
will now appear on the left hand side menu of Criteria Hub. New users can register for a free trial using the button
at the bottom of the page.
Transparent + speedy + accurate = Affordability Hub.
Affordability Hub collects information on property, income, debt, and expenditure all within one standardised form
and then sends it to lenders' affordability calculators. The results, returned within a minute,
are collated and displayed in an easy to understand format showing what a lender will potentially lend
allowing advisers to manage the expectations of customers based on the most up-to-date information available.
Transforming mortgage sourcing
The three main elements when sourcing the most appropriate mortgage are products available, criteria and affordability.
The roll out of Affordability Hub ensures that advisers can use and combine all these elements to best match a client's
needs to products available. This will transform the mortgage process by providing a clear understanding of what each
lender is willing to lend with the utmost clarity for your customers, from a single platform. Affordability Hub eliminates the need
to go to each lender and input the application numerous times, making it quick, accurate and easy.
Throughout its pilot and within a month of its rollout out, over 1000 advisers carried out affordability searches for mortgages worth a total of
more than £1.5 billion using Affordability Hub.
Affordability-based sourcing with innovation at its core
Currently, the lenders available on Affordability Hub account for around 85% of mortgages sold in the UK.
Results from lenders can include a breakdown of values across three areas for transparency and clarity:
- Loan to Requested - Amount requested likely to be affordable
- Loan to Purchas - Maximum based on property AND income
- Loan to Income - Maximum based purely on income
Additional benefits of using Affordability Hub:
- Results include clearly marked assumptions, deal-breakers or exceptions in detail
- No need to re-key customer's information more than once, with the ability to amend or rerun existing searches
- Each step of the lender's affordability calculation is recorded, providing a full audit trail to support advice from a compliance perspective
- Ability to indicate multiple income types to accurately cover your customer's needs
For existing fully registered Criteria Hub users, access is included as part of your account license.
Take me to Criteria Hub
New users free trial
What customers are saying:
"Today I had already sourced for a client as I knew the specific lender criteria on income types. However, I input
the details on Affordability Hub to use the software as an experiment for the same client; if I had done this
earlier in the day, I would've saved a lot of time, as the results confirmed my findings in just a few data input
screens. This is without doubt, the best facility I have ever used." - Stuart Gardner, Sanderson Financial Ltd
"Brilliant! What a fantastic system, this will save hours per month and the report looks fantastic." –
Simon Murby, Trafford Investments Ltd