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Mortgages for Business launches B2L calculator

Mortgages for Business has launched a buy-to-let mortgage calculator which matches borrowers’ criteria to mortgage products.

The service also calculates borrowing and rental requirements, as well as providing quotes and showing monthly repayments.

David Whittaker, managing director at Mortgages for Business, says: “Savvy landlords like to do their homework before talking to a broker and the calculator will really save them time.

“Not only will trawling through best-buy tables be a thing of the past, but the calculator allows landlords to play with the variables to get an instant idea of what might be achieved with lenders.”

Mortgages for Business is currently trialling the calculator on its website and plans to offer it as an additional service to its appointed representatives and partners in due course.

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  • Kevin Vella 15th June 2011 at 4:01 pm

    Lenders have so many challenging criteria rules like personal taxable income, portfolio size, experience, property type, changeable LTV … to name but a few … I am not sure the value of such a basic calculator to a client