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New buy-to-let calculator launched by LendInvest

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.

“This new calculator is focused on delivering a simple, no-fuss experience for our intermediaries so they can make quick and accurate decisions for clients,” he added. 

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