Announcement that The Stafford Building Society has partnered with Mortgage Broker Tools (MBT)

The Stafford Building Society is excited to announce its new partnership with Mortgage Broker Tools (MBT) by joining its affordability-first research platform, which delivers accurate results across affordability, criteria, product rates and credit status. Results from all lenders are delivered in under a minute, with no approximations or estimates.

The Stafford Building Society is proud to offer mortgages tailored to unique property and income circumstances. We place no limits on acreage and accept properties with agricultural ties, section 106 agreements, and overage clauses. Our flexibility extends to small holdings for personal use, multiple properties on a single title, and outbuildings or annexes for family use or holiday lets.

In terms of income, we consider employed and self-employed earnings up to age 75 for certain industries, and we support affordability through 100% bonus, commission, and overtime. We also accept self-employed applicants, undrawn SIPP income, and investment income.

Our new partnership with MBT will help highlight these key areas to brokers looking to complete their complex cases. Tanya Toumadj, CEO at Mortgage Broker Tools, commented:

“Affordability continues to be at the forefront of consideration for customers and brokers, we can see that in our data with no lender being eligible or affordable for 20% of MBT cases. In 70% of cases the lender that maximises affordability is outside of the top 10, this is where smaller building societies like Stafford can really help brokers, and their borrowers. We are extremely excited to have The Stafford Building Society on MBT, they accept an array of income, including one-year accounts, as well as strong criteria for property niches.”

Carolyn Thornley-Yates, The Stafford Building Society’s head of commercial development & distribution also commented:

“We’ve built a strong and bespoke specialist lending proposition centred around flexible approaches to affordability, as well as unusual or complex land and property features. We’re delighted that we’re now showcasing this on the MBT platform to increase awareness of the value add we bring, for brokers and their clients alike.”