David Whittaker: Lenders should have a universal portfolio buy-to-let spreadsheet

Ryan Bembridge

November 3, 2017

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.

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