Avelo Trigold is now starting to offer a new ‘enhanced buy-to-let’ module as an add-on.
It has joined forces with a panel of buy-to-let providers and the tool gives users the ability to add more detailed sourcing information and filters for buy-to-let specific sources.
Trigold claims it has been able to ensure that key criteria such as applicant type, property type and tenancy type are included in sourcing. It says the new system, for example, will be capable of sourcing against the maximum properties per lender, total loan balances, taking company applications and the option to source based on rental income.
Chris Maggs, national account manager of Accord Buy to Let, said: “Buy to let criteria have become more sophisticated in recent years and sourcing systems have struggled to keep pace with all the changes. This has led to product and lender criteria increasingly being referred to in text notes on the sourcing systems, rather than in the filtering process to select the product which best suits the needs of the customer.
“We have been extremely encouraged by Avelo Trigold’s pro-active approach in addressing this and were more than happy to collaborate on this project.
“We believe the enhanced Buy to Let solution has the ability to deliver what the BTL market really needs from one of the most comprehensive systems available in the market.”
Dave Miller, head of portal at Avelo, said: “We are exceptionally proud of this new system. The broker is being given a tool which will take all the lender criteria into account in meeting the needs of a client; this will lead to a better initial fit with the customer requirements, better advice, better use of the adviser’s time, and higher acceptance rates from the lender.
“Enhanced buy-to-let can differentiate between more applicant types, more property types, more tenancy types, can handle multiple properties in a portfolio, and even differentiate between the ‘documentary evidence’ requirements for each lender. In this market it marks a step change in what sourcing systems can offer brokers.”