Axess Financial Services unveils a new buy-to-let mortgage calculator.
- Designed to increase broker efficiency by displaying loan options from over 50 lenders.
- The calculator provides real-time data on rates, fees, and monthly payments.
- Special features include Interest Coverage Ratio analysis and reverse rent calculation.
- Described as a ‘game-changer’ by development manager Leel De Silva.
Axess Financial Services has introduced an innovative buy-to-let mortgage calculator aimed at enhancing the advisory process for brokers. This new tool provides streamlined access to maximum loan amounts from over 50 different lenders, significantly boosting efficiency in the mortgage advice process.
The calculator is designed to assist both buy-to-let specialists and general mortgage brokers by offering a comprehensive overview of available loan options. It integrates real-time data, allowing brokers to view corresponding rates, fees, and monthly payment projections alongside loan amounts, which aids in immediate responses to client queries.
In addition to its core features, the tool includes a manual mode for in-depth analysis of individual lender offerings. Brokers can assess Interest Coverage Ratios and default stress rates, enabling them to tailor loans to specific interest rates and client needs more accurately.
A notable feature of this mortgage calculator is its reverse rent calculation function, which determines the rental income required to support a particular loan. This function provides brokers an edge in delivering more informed and competitive recommendations to their clients.
Leel De Silva, the development manager at Axess Financial, highlighted the value of the tool during client interactions, describing it as a transformative solution that eliminates delays and frustrations commonly faced with existing tools. ‘For face-to-face client interactions, our new calculator is a game-changer for buy-to-let brokers,’ he stated.
The new buy-to-let mortgage calculator by Axess Financial Services is set to redefine how brokers manage and deliver property finance advice.
