Investors in buy to let are the marketing target for a service which describes itself as the UK’s first digital mortgage brokerage, known as Property Master.
It claims to allow BTL investors to take control of their portfolio financing online without the need for a traditional broker by matching their funding requirements against the digital platofmr’s array of buy to let mortgages and lending criteria.
They system has what it claims to be a unique database and set of algorithms tailored to the buy to let sector; would-be lenders conduct “what if” searches to find and apply for a mortgage online with a single click.
The platform says the potential saving is up to £3,000 per BTL mortgage.
“Landlords have had a raw deal in the past year or so due to tax hikes and regulatory pressure. Property investors tend to assume they are getting a good deal, but actually they are paying as much as £3,000 a year more than they need to on each property” says Angus Stewart, chief executive of the service.
“Having the right mortgage deal in place, and taking the time to think through the overall portfolio finance, can make all the difference to a landlord’s financial return” he adds.
