The calculator has been designed to provide the most accurate borrowing range and covers criteria for single properties, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

Intermediaries can use the online calculator to work out LTV, annual rental yield and the maximum gross loan amount.

The calculator can be used for both individual and limited company applications.

LendInvest launched its BTL product in late November 2017 and since then, more than 200 intermediaries have joined its broker panel.

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The BTL product range is available for loans between £50,000 and £5m, with terms of up to 30 years and a maximum LTV of 80%.

“At LendInvest, our priority is making sure the right technology is in place to make our brokers’ lives easier,” said Ian Boden, sales director at LendInvest (pictured above).

“This new calculator is focused on delivering a simple, no-fuss experience for our intermediaries, so they can make quick, and more importantly, accurate decisions for their clients.” 

James Hardwick, director at Charleston Financial in Milton Keynes, claimed that LendInvest’s online calculator was the best in the market.

“It’s really helping brokers to do a quick quotation of affordability before progressing an application through the excellent online broker portal.”