ResidentialMay 20 2020

Tenet partners with Knowledge Bank

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Tenet partners with Knowledge Bank
ByChloe Cheung

Tenet has partnered with Knowledge Bank to provide advisers with access to the database’s mortgage criteria search system.

The partnership will give network members and directly authorised clients access to the database, which holds 102,000 criteria from more than 200 lenders.

Brokers can search criteria, updated by lenders in real time, across the residential, buy-to-let, equity release, self-build, second charge, bridging, commercial and overseas mortgage markets.

Advisers can also document their ‘evidence of research’ as required by the Financial Conduct Authority.

Nicola Firth, CEO of Knowledge Bank, said: “Mortgage brokers need to stay up to date with a bewildering array of mortgage criteria that are changing daily.

“The coronavirus outbreak has made this problem even harder with over 4,000 different criteria changes just since the lockdown.”

Earlier this month figures from Knowledge Bank found temporary restrictions on maximum LTVs was the most popular search term among brokers in April across the residential, buy-to-let, second charge and bridging markets.

Simon Broadley, managing director of TenetLime, said: “Knowledge Bank provides a valuable resource in the mortgage marketplace, especially with all the current criteria changes in relation to Covid-19.”