Features
User friendly interface – identify lenders based on Tax Band, Property Type, Transaction & Client Type
Top 10 lenders for maximum loan (8/8/2024) : Property Value £560,000 / LTV 75% / Rent £1950 / Higher Rate Tax Payer / Experience Landlord / Single Self Contained Unit / Transaction type – Purchase
Selection criteria 1
Tax band : No need to input income. For efficiency select Criteria based on The Application tax type – basic rate, Higher, mixed, additional or Limited company.
Selection criteria 2
Property type. Single self contained (SSC), House of multiple occupation (HMO), multi unit freehold building (mUFB) and holiday lets. The calculator Will filter rates and loan amount based On the property types.
Selection criteria 3
Transaction type: Purchase, remortgage with capital, like for like remortgage (L4L) and remortgage from bridging. This will identify those lenders with lower ICR and Stress rates for L4L lending.
Selection criteria 4
Client type: Differentiate between experienced landlords, First Time Buyers, expats, Regulated and Consumer buy to Let Clients. all controls are in the same outlay as the results so no need to switch pages.
Manual Calcualator
For ease of client servicing the manual calculator can be used to fine tune the calculation with other rates and fees, determine the rent required for loan etc. Once you identify a lender with the automated calculator, the manual calculator can check feasibility of the other options with the same lender.