Legal & General has added a new buy-to-let (BTL) module to its SmartrFit platform.
The module combines lender criteria search functionality with an in-built affordability calculator to help advisers find suitable lenders for their BTL clients efficiently and accurately.
The system has launched with 17 participating lenders, covering around 92% of L&G’s BTL lending. These include Barclays, Santander, NatWest, Virgin Money, TSB and Bank of Ireland, along with a range of sector specialists and building societies.
L&G Mortgage Club head of broker relationships and propositions, Clare Beardmore, called the move an “important step” for the SmartrFit platform.
“With the launch of our BTL module, we’re putting an entirely new function in the hands of advisers and helping them to deploy the same great tech but for more of their clients,” said Beardmore.
“BTL cases can often times be even trickier to place that residential business, so this will be of particular use to both specialist and generalist broker firms.
“We’re continuing to focus on creating digital tools that help the broker community and this is just another example of how technology brings efficiencies to advice firms and puts time back in the hands of staff.”
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