TMW to allow online portfolio B2L applications

The Mortgage Works is to bolster its online proposition by allowing brokers to input details of portfolio buy-to-let applications for the first time.

The service will go live next week, allowing brokers to enter the details of up to two joint applicants and five properties to be mortgaged electronically, as well as capture the details of up to five properties already held in landlords’ portfolios.

Andy McQueen, managing director of TMW, says the enhanced service will help streamline brokers’ dealings with the lender.

He adds: “Brokers told us that they would like to be able to submit portfolio buy-to-let applications electronically because portfolio lending is a key part of our proposition.

“We have now updated our TMW Online service to make this as quick and easy as possible.”

TMW has also clarified the language and technical terms used on its system and is reviewing its information guides to ensure they meet the needs of brokers looking for prompt help.