Brokers conduct almost 12,000 searches on Knowledge Bank
Knowledge Bank

Brokers conduct almost 12,000 searches on Knowledge Bank

Since officially launching last month, brokers have conducted 11,966 searches on the mortgage criteria searching system Knowledge Bank.

The number of individual pieces of criteria on the system has grown by 7,380 since the start of September.

This takes the total number of criteria up to 22,412, with over 480 different categories in six different mortgage types, including buy-to-let, second charge, equity release and residential.

In 10 days, the number of lenders with their criteria on Knowledge Bank increased from 54 to over 60; there were 43 lenders at launch on 6th September. 

Nicola Firth, CEO of Knowledge Bank, said: “It is incredible to see how popular Knowledge Bank already is with both brokers and lenders.

“It is a real reward for all the lenders that have taken the time to upload all their criteria so that it is all in one easily accessible place for the brokers. 

“The fact that brokers are placing cases they never thought were possible is great for the broker, but particularly good for their clients. 

“It means that brokers can now offer an even better service, while clients can now get a solution to their mortgage needs, which they may not have been able to before. 

“It also shows that business is out there and brokers are discovering new cases to be placed, which can only be of benefit to all of the lenders displaying their criteria on Knowledge Bank.”

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