Mortgages for Business’ David Whittaker has expressed disappointment that buy-to-let lenders haven’t put their heads together to establish a universal portfolio landlord spreadsheet.
The portfolio underwriting changes came into force in September and mean landlords with four or more buy-to-lets need to provide details of assets and liabilities.
Whittaker (pictured), who is managing director of Mortgages for Business, said: “As of the 1 October three out of those 37 lenders released spreadsheets which were either PDF or Word documents.
“It is very disappointing that 37 lenders couldn’t get in a room together and come up with a universal spreadsheet to be used across all of them.”
He was speaking at yesterday’s Financial Services Expo Midlands at the Ricoh Arena in Coventry.