Axis Bank has signed up to eTech’s Buy to Let Hub software to help brokers better handle portfolio landlord applications.
Brokers can use Buy to Let Hub to upload portfolio landlord details once. The system can then tweak the data to match up to different lenders’ approaches to portfolio buy-to-let.
The software ensures all applications are compliant with new PRA rules around portfolio buy-to-let, which came in on 30 September.
Axis head of buy-to-let business Marylen Edwards says: “The speed from brokers uploading the portfolio to the assessment landing on our desk takes no more than a few minutes and is a real benefit to our underwriting process post-PRA changes.”
ETech lending and surveying services director Mark Blackwell says: “We’re delighted to be partnering with Axis Bank and their early adoption of Buy to Let Hub indicates their commitment to streamlining portfolio stress testing and simplifying processes for brokers.”