Legal & General Mortgage Club has unveiled its new Rental Calculation Matrix.
It has been produced following the government’s buy-to-let changes that will come in to effect next year.
Following Legal & General Mortgage Club’s Government Housing Schemes Matrix, the Rental Calculation Matrix aims to help inform brokers and provide them with an overview of the buy-to-let lenders latest calculations.
Legal & General’s Buy to Let hub is designed to give brokers help and support in understanding both landlords and tenants, whilst also including research to keep brokers updated on all changes in the Buy- to-Let sector.
The up-to-date list of lenders provides the buy-to-let lenders’ latest rental calculations.
Jeremy Duncombe (pictured), director of Legal & General Mortgage Club, said: “The buy-to-let market has had a raft of new legislation imposed throughout this year and keeping up with these developments can become an arduous and time consuming task. The aim of this Matrix is to simplify the process for brokers and we will continue to update the Matrix with new developments so that advisers can focus their time on serving their clients.
“Following the overwhelming success of our previous matrices, I’m proud that Legal & General Mortgage Club is able to provide practical and easy to use solutions for brokers to understand the recent and upcoming buy-to-let changes. We will continue to build on the success of our MMR and MCD matrices by creating additional support systems for our brokers well into the future.”