LendInvest has introduced a new buy-to-let online calculator for intermediaries.
The calculator is designed to give the most accurate borrowing range and cover criteria for single properties, HMOs (houses of multiple occupation) and MUFBs (multi-unit freehold blocks).
Intermediaries can use the online tool to calculate LTV, annual rental yield and the maximum gross loan amount in one single place. The calculator caters for both individual and limited company applications.
LendInvest launched its buy-to-let product in late November 2017 and has established a broker panel of more than 200 intermediaries. LendInvest’s buy-to-let loans are available for amounts between £50,000 and £5 million, and on terms of up to 30 years. Loans are available for professional individuals and limited companies, a maximum loan to value of 80% applies.
The LendInvest buy-to-let calculator can be accessed here.
Ian Boden (pictured), sales director at LendInvest, said: “At LendInvest, our priority is making sure the right technology is in place to make our brokers’ lives easier. This new calculator is focused on delivering a simple, no-fuss experience for our intermediaries so they can make quick, and more importantly, accurate decisions for their clients.”