Digital service targets company-based buy to lets
A new digital service is being launched for company buy to lets
BM Solutions claims it’s tailored specifically for limited companies and will streamline the property investment process, offering “unparalleled convenience.”
Clarity and early certainty on lending decisions is central to the service, which aims to provide a “best in class” experience for brokers and their clients. The new fully-digital journey makes the process quicker and simpler for both investors and brokers, and offers a range of self-serve tools to manage the mortgage throughout its life.
- Upfront checks: An updated rental income calculator, eligibility, ID verification, credit, property, Companies House and Direct Debit viability checks performed up front to make applications quicker;
- Speed of service: Instant Decision in Principle; unique automated decisioning; same day app-to-offer for fully documented automated valuation cases, and 48-hour SLA for portfolio applications that need a manual review;
- User-friendly online platform: Intuitive platform that allows brokers and their clients to manage mortgage applications and management with ease, providing real-time updates and comprehensive insights;
- Expert support: Access to award-winning Business Development Managers, and a dedicated team of accredited BTL specialists who are available to provide guidance and support throughout the investment journey;
- Comprehensive resources: A wealth of resources, including calculators, ‘how to’ guides, eligibility guidance to help brokers and their clients make informed decisions;
- Secure and efficient: With advanced security measures in place, brokers can trust that their clients’ data and transactions are protected.
Property holding criteria for the Ltd Co. service will align to existing credit risk policies: lending on portfolios up to 10 properties and does not include HMOs, Multi-unit Blocks Buildings (MUBs) or commercial properties.
This article is taken from Landlord Today
