A new digital buy-to-let mortgage brokerage service that enables landlords to find, compare and secure the best mortgage deals available for their buy-to-let portfolio has been launched by Property Master.
This is believed to be the first online service of its kind in the UK that enables private landlords in this country to take control of their portfolio financing online by comparing buy-to-let mortgages and lending criteria to match their funding requirements.
Property Master uses a database and sophisticated search algorithms that have been specifically designed to meet the needs of buy-to-let landlords. Consequently, landlords can now conduct simple “what if” searches to find and apply for a mortgage online with a single click, potentially saving them money per BTL mortgage.
Angus Stewart, CEO of Property Master, said: “Landlords have had a raw deal in the past year or so due to tax hikes and regulatory pressure – Property Master is here to put the buzz back into buy-to- let.
“Property investors tend to assume they are getting a good deal, but actually they are paying as much as £3,000 a year more than they need to on each property.”
“Taking control of financing is essential for landlords, as the government continues to put a tighter squeeze on tax relief and other allowances. Having the right mortgage deal in place, and taking the time to think through the overall portfolio finance, can make all the difference to a landlord’s financial return.
“With such important benefits on offer, there is a clear need for an easy-to-use but sophisticated online service that puts landlords in control.”