Accord Mortgages has claimed that its new buy-to-let platform has already reaped benefits for brokers.
The intermediary-only lender launched its Mortgage Sales and Originations (MSO) platform in May and has reported one in seven applications received since have been for propositions not previously available.
Top slicing, lending in Scotland and new build for landlord clients have all been introduced following the launch of the new system, which has a range of features to also make it easier and quicker for brokers to get lending decisions.
Accord also says it has already seen application to offer times reduce by an average of four days since introducing MSO for buy-to-let.
Jeremy Duncombe (pictured), managing director at Accord Mortgages, said: “The introduction of MSO makes it easier for brokers to do business with us, but also means we’re able to introduce a wider range of products and services both now, and in the future.
“The propositions launched in May have been really well received in the market, which demonstrates the high demand from brokers and their clients for increased options in an ever-changing market. We’re really pleased to be supporting landlords in Scotland, those purchasing new-build properties and those who want to use top-slicing to top up a rental shortfall.
“Our commitment to supporting brokers with new lending solutions is clear and we’ll continue to look at ways we can enhance our buy-to-let offering.”