Finding the right lender by using technology
Published · Updated · 1 min read
How do you know which lender is right for you?
Landlords might assume that regulatory reforms have brought all lending offerings largely in line with each other, but this is not the case. Each lender has individual lending policies, criteria, stress tests and explaining their interest cover ratio is perhaps an article in its own right! The fact is that products, criteria and lending approaches are changing all the time, which is why landlords need to arm themselves with as much information as possible and have access to the right tools, solutions and advice to help ensure they can access the right kind of deals for them.
The new BTL market is a challenging but exciting one and is filled with opportunity for a variety of landlords. However, this additional complexity means that all landlords need more support than ever to maximise yields, minimise cost and understand lender demands. Thankfully, technology is helping to bridge this support gap and the sooner landlords embrace this, the better.
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