The online calculator enables intermediaries to figure out maximum borrowing amounts and monthly repayments, as well as see the different rates available based on LTV bands.
Monument’s technology and design also allows users to find a customised loan in less than one minute.
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“As a lender, we appreciate just how important time is for advisers and our ongoing aim is to ensure that we inform our intermediary partners as quickly and effectively as possible if their clients meet our affordability and eligibility requirements,” said Conor McDermott, head of lending at Monument (pictured above).
“Our online BTL loan calculator is the perfect starting point in this process and offers advisers the ability to discover if clients meet our rental income requirements without having to search through swathes of documentation around criteria and lending policy.”
The calculator works with Monument’s existing and future BTL product range.
The specialist BTL lender is offering two- and five-year fixed-rate products with a £3m maximum loan size and up to 75% LTV on lending below £1m.
There aren’t any exit fees or early repayment charges on its five-year fixed-rate range after three years.
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