Newcastle Intermediaries joins Experian’s mortgage eligibility hub

The pre-qualification technology - available through Experian’s intermediary distribution partners including Mortgage Gym, The New Homes Group and Trussle - allows brokers to help their clients identify the options open to them based on an aggregated view of affordability, credit history and current lending criteria for lenders who share this information.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “This partnership with Experian is part of our wider and significant investment into digital capability and will make it easier and faster for brokers to place their business with us. The technology will deliver immediate time-saving benefits for brokers who have access and gives them a more accurate indication of lenders’ willingness to lend earlier in the process.

“It’s one of the ways we’re transforming our mortgage process to make us even more accessible to brokers, whilst making them more efficient and adding real value to their business.”

Paul Speirs, managing director of consumer information services at Experian UK&I, said: “We’re delighted to welcome Newcastle Intermediaries onto our pre-qualification panel. By using our pre-qualification technology, it provides them with a much better understanding of a prospective customer’s financial situation, making it easier to determine which products are right for them. Not only does pre-qualification free up valuable time, but it also ensures that there’s no impact on the customer’s credit score.”