Legal & General has announced the regeneration of its flagship tech tool SmartrFit, featuring new residential and BTL affordability calculators from nine leading lenders.

New residential and BTL affordability calculators from nine lenders

Legal & General has significantly expanded its affordability tool available through SmartrFit following partnerships with Harpenden Building Society, Principality Building Society, Hinckley & Rugby Building Society, The Mortgage Lender, Stafford Railway Building Society, Marsden Building Society, Suffolk Building Society, Buckinghamshire Building Society and Nottingham Building Society (also known as The Nottingham).

Hinckley & Rugby Building Society, Stafford Railway Building Society, Suffolk Building Society, Buckingham Building Society and Nottingham Building Society have also added BTL products to SmartrFit's affordability calculator for the first time.

Additionally, Harpenden Building Society, Marsden Building Society, The Mortgage Lender, and Principality Building Society have added their residential products to SmartrFit's affordability tool.

New user experience and ESIS functionality for BTL

Crucially, Legal & General has also announced an overhaul of its tech offering, integrating all tech tools developed in the three years within SmartrFit, including SmartrCriteria.

SmartrFit is now a comprehensive mortgage research and product sourcing platform. Its features include:

  • Criteria tool (formerly known as SmartrCriteria)
  • Affordability calculator
  • Product sourcing including European Standardised Information Sheets, Illustrations, and Evidence of Research documents
  • Property checker tool

This functionality is available for residential and BTL products. The criteria tool also features additional lending types.

Legal & General's SmartrFit tool is free to use and can be accessed by all advisers using a Legal & General agency number, including Legal & General Mortgage Club members or via third parties including SimplyBiz Mortgages, One Mortgage System, and Smartr365. Advisers can request a demonstration of the new-look tool, here.

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Legal & General Group plc published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2023 16:09:01 UTC.