BM Solutions has introduced an online calculator to help brokers with portfolio landlords.
Brokers can now use the new tool to calculate LTV and rental cover ratios for portfolio lending.
BM Solutions decided to make the new calculator following broker feedback.
BM Solutions head Phil Rickards says: “The PRA underwriting requirements for portfolio landlords have resulted in a variety of lenders developing solutions. This greater level of choice is good news for brokers but can also lead to some confusion.
“After an early review, we have simplified our portfolio process with the introduction of a new online portfolio calculator to help brokers to calculate LTV and rental cover ratios for portfolio lending.”