The partnership will enable brokers to search from almost 50,000 different criteria across a range of mainstream and specialist mortgages, buy-to-let, second charges loans, equity release and now self-build on the Knowledge Bank platform.
BuildLoan – which is a master broker dedicated to the intermediary market – deals with finance for renovations, self-build and custom-built houses.
It also provides construction-based finance covering everything from house extensions to knock down and rebuild and ground-up construction.
“Self-build homes and conversions are ever more popular but finding the finance for them is unlikely to become a regular part of what most brokers do, rather it is something a broker may be faced with once every few months at most,” said Nicola Firth, CEO at Knowledge Bank (pictured above).
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“Our aim at Knowledge Bank is to provide brokers with access to lenders’ criteria across every mortgage type.
“Our partnership with BuildLoan has meant that we can do that comprehensively for self-build, custom built, development loans and renovation finance, so when brokers do have clients that need this, we can help them to find the solution best for their client.”
Rachel Pyne, group operations director at BuildLoan, said that brokers had been crying out for a system like Knowledge Bank.
“It is a hugely impressive system that will make a very positive difference to the way that brokers search for and source mortgages, making it both quicker and easier to find the information that they need.
“When advising a client on an area of the market that you don’t work in frequently it can be hard to know where to start, so this partnership is all about supporting brokers and helping them to know where to place business such as self-build, renovations, rebuilds and conversions.”