eTech develops buy-to-let hub ahead of portfolio buy-to-let change

Jessica Nangle

August 3, 2017

eTech has developed an end-to-end web solution for brokers ahead of the Prudential Regulation Authority rules on portfolio buy-to-let.

The solution is set to bring lenders and brokers closer together by streamlining and simplifying their operations in the buy-to-let property portfolio market before the PRA changes come into force on 30 September.

Mark Blackwell, lending and surveying services director at eTech, said: “This is the first time industry standards have focused on bricks and mortar assets rather than people.

“The mortgage market is embracing new technologies more and more which will lead to increased data sharing amongst lenders and other stakeholders in time.

“Our buy-to-let hub will look to address these future technology and data demands as we do in our other lending and surveying solutions.”

Richard Wilson, group chief credit officer at OneSavings Bank, added: “‘The balance of ease of use and stress test outputs in a clear format for our underwriters is a real selling point for the system.

“We have been working closely with the eTech on the evolution of this software and see it as a key part of our SS13/16 delivery journey.”

eTech has partnered with OneSavings Bank alongside several other lenders for the project, which is due for release at the end of August.

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