A new buy-to-let affordability calculator, which works out the loan-to-value (LTV), annual rental yield and maximum gross loan amount for both individuals and limited companies, has been launched by LendInvest in a bid to offer a more accurate borrowing range and cover criteria for single properties, HMOs, and multi-unit freehold blocks.
LendInvest, which currently has a broker panel of more than 200 intermediaries, says that the new calculator has been designed to work together with its online buy-to-let application system, with loans available for between £50,000 and £5m on terms up to 30 years, at up to 80% LTV.
“Our priority is making sure the right technology is in place to make our brokers’ lives easier,” said Ian Boden, sales director at LendInvest.
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