Vida Homeloans has launched an online buy-to-let affordability calculator designed to help intermediaries find the right solution for buy-to-let for customers who may not fit criteria for high street lenders.
This follows the launch of Vida’s maximum loan calculator for residential loans in March, which has so far been used for over 14,000 calculations.
Ying Tan, managing director of the Buy to Let Club, said: “Vida has built a very complex and sophisticated buy-to-let affordability calculator, one of the best available from a UK mortgage lender.”
Vida has also launched an online tool that allows brokers to check its lending criteria at a detailed level using a keyword search.
Guy Batchelor, sales and marketing director at Vida Homeloans, added: “The new buy-to-let calculator and online lending criteria search tool are the latest examples of designing our technology around market needs.
“These two new initiatives not only provide a better online experience for our intermediaries but also help to deliver a great customer outcome.”