Mortgages for Business has launched Buy To Let, a free iPhone app for residential property investors.
It is designed to help landlords find current buy-to-let products based on their specific financial circumstances and property requirements.
The app is based on Mortgage Flow, MFB’s in-house buy-to-let mortgage sourcing tool, which provides an list of all the latest buy-to-let products on the market.
It also contains a portfolio manager which allows landlords to keep a detailed record of their properties, set mortgage review reminders and link to the best remortgage rates for each property.
Mortgages for Business has also created two accompanying demonstration videos to talk users through both the search and portfolio functions. These can be found on YouTube and the Mortgages for Business website.
“There’s no other app like it. It not only puts us ahead of our competitors, it provides real-time product information to busy landlords who are increasingly using smartphones to manage their portfolios and property finance requirements,” said managing director, David Whittaker.
“Last year our metrics showed that around 10% of our landlord contacts were using iPhones and iPads to access our website and read our marketing emails. This year that figure has zoomed up to 33%. So we’ve built this app to ensure they can access essential buy to let rates anytime.
“It’s really easy to use and you can play around with the financial variables to ascertain loan amounts and rent requirements. It also lets you refine the search to find products suitable for HMOs and limited company applications.”