BuildLoan is pleased to announce a strategic partnership with Knowledge Bank, the UK’s leading criteria sourcing platform.
Consumer Duty has re-inforced the need for intermediaries to demonstrate a high level of understanding and accountability in their recommendations to ensure that they have done everything they can to deliver good outcomes and avoid foreseeable harm.
This collaboration aims to provide enhanced support for mortgage brokers, as they guide clients through the complexities of financing their self-build project.
BuildLoan’s deep knowledge of self-build mortgages – and what features are important to help each client complete their build successfully – complements Knowledge Bank’s industry-leading platform, which offers brokers access to seven lending types, including self-build financing.
Brokers can use Knowledge Bank to understand the key lending criteria for self-build finance, then contact BuildLoan directly from their Knowledge Bank account to access BuildLoan’s market-leading expertise to find the right Consumer Duty-compliant solution for their home-building client.
Raymond Connor, CEO of BuildLoan, commented:
“Our mission has always been to make self-build projects accessible and achievable for everyone. By partnering with Knowledge Bank, we’re ensuring that mortgage brokers have the support they need to guide their clients through the self-build process, from securing finance to completing their dream homes.”
Nicola Firth, CEO of Knowledge Bank, added:
“We’re excited to partner with BuildLoan at such a pivotal time for both the mortgage industry and the self-build market. This partnership will enable brokers to better serve their clients, particularly with the increased scrutiny under Consumer Duty. Together, we can help brokers feel confident in the advice they’re providing, while opening the door to more self-build opportunities.”