The Mortgage Broker Tools platform claims to have surpassed two million affordability searches.

Launched in 2019 as the first platform to recognise the importance of specialist affordability sourcing, MBT assists brokers to find the most suitable lending options based on a combination of affordability, criteria, product rates and credit status.

MBT recorded one million affordability searches in 2023 within four years of launching.

A spokesperson says: “A recent report found that just under a third of property sales fall through, with the most common cause being ‘difficulty securing a mortgage’.

“As cases become more complex and lender criteria more nuanced, finding the right lender to meet a customer’s affordability requirements is increasingly important – and brokers are turning to technology to make research faster, more accurate and more consistent.

“As part of this increased demand, we have seen a big uplift in the number of brokers using API integrations to embed MBT into their advice process. Where integrations are in place, affordability searches are run automatically on 100% of cases.

“It’s a great example of tech taking the strain, helping to deliver better outcomes for customers while also improving efficiency and compliance for advisers.”