buy to let

Keystone signs software deal to support portfolio landlord applications




Keystone Property Finance has signed a deal with risk software supplier eTech to support its buy-to-let portfolio landlord applicants.

The new buy-to-let hub will streamline portfolio stress testing and income coverage assessment on applications.

Through the new hub, brokers can upload Excel spreadsheet of properties and convert the data into the correct format for Keystone's system.

The document can then be submitted as a part of the normal application process.

The platform can also provide instant AVM validations and can process multiple applications from the same borrower simultaneously.

The move follows changes to the PRA underwriting standards for buy-to-let mortgage applications from portfolio landlords.


David Whittaker, CEO of Keystone, said: "We hope that this will be a game-changer for brokers, saving them hours of time reworking documents or keying in the details of entire portfolios by hand."

Mark Blackwell, director at eTech, added: "As well as making life easier for brokers and landlords at the front-end, the buy-to-let hub will help streamline Keystone's processing systems and complement the human element of underwriting.

"The market has become even more specialist as a result of PRA II, and the winners in this field will undoubtedly be those lenders which recognise the need to simplify systems for themselves and brokers, and meet the regulator's requirements at the same time."

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