LendInvest has launched a new online buy-to-let calculator for intermediaries.
This new online tool will calculate the LTV, annual rental yield and maximum gross loan amount for both individuals and limited companies.
The calculator is designed to give an accurate borrowing range and cover criteria for single properties, HMOs, and multi-unit freehold blocks.
LendInvest says this tool has been designed to work in tandem with its online buy-to-let application system.
The specialist lenders says this is part of “ongoing improvements” to its online offering.
Lendinvest launched its first buy-to-let products in November last year, and since then has established a broker panel of more than 200 intermediaries.
Buy-to-let loans are available for amounts between £50,000 and £5m and on terms up to 30 years. A maximum LTV of 80 per cent applies.
LendInvest sales director Ian Boden says: “Our priority is making sure the right technology is in place to make our brokers’ lives easier. 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.”