Stuart Phillips

BrokerSense launches BTL mortgage calculator

BrokerSense has launched what is claimed to be the UK’s first BTL mortgage calculator of its kind.

The new calculator will provide maximum lending amounts from over 75 BTL lenders.

It includes a specialist portfolio calculator will help brokers work out borrowing amounts for clients with more than four rental properties.

The tool can also be used for one BTL property or for clients with an extensive portfolio, and brokers with clients that have several properties can also import their clients’ portfolio spreadsheets.

Results from the calculator will be presented as a visual overview which can either be printed or transferred into a broker’s client CRM system.

“I know that some brokers shy away from advising on buy-to-let mortgages because of the complexity of working out affordability, so it is my hope that BrokerSense will also provide these brokers with access to this market and a stream of new clients with it,” said Stuart Phillips, director at BrokerSense (pictured above).

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