MT Finance has launched its new BTL product criteria on the Knowledge Bank platform via its KB PRO system.
The specialist lender officially launched the proposition to all intermediaries across England and Wales in April, after it was only available through selected brokers when it was first introduced in summer 2022.
This marks the first time MT Finance has offered BTL mortgages and brokers will now be able to use Knowledge Bank to assess specific criteria conditions and wording to ensure their clients qualify.
Marylen Edwards, head of BTL lending at MT Finance, said: “It’s incredibly exciting to be launching into the BTL sector — we wanted to ensure complete clarity around our new lending policy and partnering with Knowledge Bank is simply the best way to do this.”
Nicola Firth, CEO at Knowledge Bank, added: “We are thrilled to have this exciting new range from MT Finance on our system.
“We are very excited to be supporting them and delivering innovative products to brokers and their clients in a brand-new sector of the market for them.
“By using KB PRO the MT Finance head office staff, BDMs, underwriters, and internal sales teams are all able to use a consistent source of data and wording to ensure the information presented to intermediaries is clear and accurate.”
