Landbay has launched a buy-to-let calculator which matches up clients with specific products.
This means intermediaries can advise their clients on the cost of taking out a Landbay buy-to-let mortgage with a greater deal of accuracy.
Paul Brett, managing director of intermediaries at Landbay, said: “We strive to provide better ways to buy-to-let, so we are constantly developing complex tech solutions to make intermediaries experience as simple as possible.”
The calculator factors in the specific product, taking into account the type of property and whether the client is an individual or limited company, and provides the interest cover ratio (ICR).
The intermediary then has the option to submit for a decision in principle.
This post has originally been featured in Property Wire.