Keystone has signed a deal with risk software supplier eTech to help manage portfolio buy-to-let cases now the Prudential Regulation Authority’s rules have come into force.
Keystone is using eTech’s Buy to Let Hub to streamline portfolio stress testing and income coverage assessments, as well as to allow brokers to quickly upload portfolio details.
The PRA’s rules on portfolio buy-to-let came into force on 30 September and mean landlords with four or more buy-to-lets must provide details about all their existing mortgaged properties.
David Whittaker (pictured), chief executive of Keystone, said: “The Buy to Let Hub allows brokers to upload their clients’ excel spreadsheet of properties, then converts the data into the correct format for Keystone’s application submission system.
“The resulting document can then be submitted as part of the normal application process. It can also be saved by the broker for record keeping purposes and sent on to the client.
“We hope that this will be a game-changer for brokers, saving them hours of time reworking documents or keying in the details of entire portfolios by hand.”