Buy-to-let app reaches 1,500 downloads

by Sarah Ashcroft

An iPhone application providing guidance on buy-to-let mortgage rates has proved incredibly popular among landlords, reaching nearly 1,500 downloads since September.

Developed by Mark Ryan - head of IT development at Mortgages for Business - the tool allows proprietors to maintain a record of their properties and set review reminders and link to the best remortgage data for each property.

In addition, the app - which is available for free from the Apple App Store - comes with two accompanying demonstration videos explaining the rate search function and portfolio manager to ensure users are getting the most out of the product.

Commenting on the launch of the offering, David Whittaker - managing director of Mortgages for Business - said the technology came in response to soaring demand from landlords who were looking to access buy-to-let rates while on the go.

The hectic lifestyle of a landlord means many are faced with a dilemma when it comes to checking data or keeping up-to-date with the latest goings on in the rented property market.

Using the tool, property owners can also ensure that they are providing accurate information to tenants who may be looking to relocate to another home.

Mr Whittaker added that proprietors enjoy the fact that the app allows them to change several different financial and property variables to work out the funding solution that is suitable for them.

Similarly, Rob Lankey - managing director of Aldermore Commercial - said that the buy-to-let tool is useful for checking the goings on in the general market.

He added: "I particularly like the way you can drill down to find the best rates for more complex propositions such as HMO properties and limited company applications. You can even enter your own portfolio details."

"It just shows the depth of understanding that Mortgages for Business has for experienced landlords as well as part time investors."

  • Manage your buy-to-let portfolio with Property Portfolio Software: helps landlords track rental arrears, increase cash flow, pinpoint poor performing properties and much, much more...

Published on: December 12, 2012

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