Mortgages

BM Solutions launches portfolio lending calculator for brokers

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11th January 2018
"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."

BM Solutions has launched a new online portfolio calculator to help brokers calculate loan-to-values and rental cover ratios for portfolio lending.

In response to broker feedback, BM Solutions has developed the new online portfolio calculator to check clients’ eligibility and criteria before submitting a case.

Phil Rickards, Head of BM Solutions, said: “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.

“We have responded swiftly to broker feedback by enhancing our customer profile form – making it easier to complete, and enabling brokers to check the key elements of portfolio criteria prior to submitting the case.

“We have demonstrated our commitment to supporting intermediaries as the market continues to adapt to these changes, by reaching more than 4000 brokers through our nationwide workshops and continuing to back up our five-star service through making improvements designed around brokers’ needs.”

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