Axess Financial Services has introduced a mortgage calculator designed to enhance efficiency in buy-to-let advisory services.
- The tool aggregates information from over 50 lenders, offering maximum loan amounts and aligning interest rates, fees, and payments.
- It supports both specialised buy-to-let brokers and general mortgage advisors with streamlined features.
- Key functionalities include Interest Coverage Ratios and a reverse rent calculator for comprehensive analysis.
- Axess aims to boost broker productivity with real-time, informed client recommendations.
Axess Financial Services has launched an innovative mortgage calculator targeted at improving the efficiency of buy-to-let advisory processes. This tool promises to revolutionise the way brokers operate by providing quick access to crucial financial data from a vast array of more than 50 lenders. The calculator’s ability to display maximum loan amounts alongside associated fees, rates, and monthly payment projections in a single user-friendly interface is designed to help brokers swiftly respond to client inquiries.
Moreover, the calculator caters to both specialist buy-to-let brokers and general mortgage advisors alike. It goes beyond basic functionalities by offering a manual mode for those requiring in-depth exploration of data from individual lenders. For a robust assessment, it includes features like Interest Coverage Ratio (ICR) and default stress rates, both of which are essential for determining feasible loan options at specified rates.
Notably, the tool also offers a reverse rent calculation feature. This lets brokers calculate the necessary rental income to support a desired loan amount, adding an additional layer of utility to the calculator. This feature is particularly useful for brokers looking to provide comprehensive and detailed financial advice to their clients.
According to Leel De Silva, Axess’s development manager, the new calculator is a ‘game-changer’ for face-to-face client interactions in the buy-to-let market. The comprehensive nature of the tool aims to eliminate the traditional delays and frustrations experienced by brokers, enabling them to focus on delivering the best loan advice and facilitating successful mortgage completions.
In summary, by integrating these functionalities, Axess Financial Services seeks to equip brokers with the tools to enhance their efficiency and competitiveness. The calculator provides real-time data, allowing brokers to deliver more informed and immediate recommendations to clients.
Axess Financial Services’ new calculator is poised to significantly enhance efficiency and client service in the buy-to-let mortgage industry.
