The UK's Mortgages for Business has launched Buy To Let, a free iPhone app for residential property investors who need instant access to buy to let mortgage rate information on the go. It is currently the only app that helps landlords find the latest buy to let products based on their specific financial circumstances and property requirements.
Designed and built by Mark Ryan, head of IT development, Buy To Let is based on Mortgage Flow, MFB’s in-house buy to let mortgage sourcing tool, which provides an up-to-date list of all the latest buy to let products on the market.
Commenting on the app, managing director, David Whittaker said: “There’s no other app like it. It not only puts us ahead of our competitors, it provides real-time product information to busy landlords who are increasingly using smartphones to manage their portfolios and property finance requirements.
“Last year our metrics showed that around 10% of our landlord contacts were using iPhones and iPads to access our website and read our marketing emails. This year that figure has zoomed up to 33%. So we’ve built this app to ensure they can access essential buy to let rates anytime.”
“It’s really easy to use and you can play around with the financial variables to ascertain loan amounts and rent requirements. It also lets you refine the search to find products suitable for HMOs and limited company applications.”
In addition to the search facility, the app contains a portfolio manager which allows landlords to keep a detailed record of their properties, set mortgage review reminders and link to the best remortgage rates for each property.
The app is available for download from the App Store (simply search for Buy To Let) or via the iTunes website.
Mortgages for Business has also created two accompanying demonstration videos to talk users through both the search and portfolio functions. These can be found on YouTube and the Mortgages for Business website.