The technology making LTD Company Buy-to-Lets simpler
See our Buy-to-Let rates and offers here.
by Sophie Mitchell-Charman
Technology runs through every step of our Buy-to-Let process, powering simpler deals and easing the paper burden on brokers and their clients.
This month we’re looking in depth at the LTD Co Buy-to-Let market, and how over the past few years incorporations and LTD Company structures have become increasingly popular for landlords, and how lenders are meeting this demand.
Here’s how we’ve been using the technology to simplify the incorporation process and support LTD Co landlords to grow their portfolios.
Case studies: Individual landlord and limited company remortgages
Open Banking
Open Banking supports our underwriters to make real-time decision making as they can see the whole LTD Co mortgage history without the need for 36 months of bank statements.
This saves a broker valuable time and prevents the need for repeated document submission and delays from other mortgage lenders across the portfolio.
Equifax API Integration
By integrating with Equifax we can immediately see the company structure without the need for paperwork submission by the broker, as underwriters can see it live and up to date.
Portfolio Analysis via RightMove
Once again, by integrating RightMove into our processing, our team can analyse a property portfolio with minimal input from the broker and the client. We can verify properties and values and – if necessary – ask extra questions with this information already to hand.
What progress is being made to make limited company Buy-to-Lets easier?
Making it digital
There are a bunch of other small but meaningful steps we’ve used technology to simplify by empowering brokers and clients to do it all digitally, these include:
- Jumio – For online ID verification through a smartphone
- Docusign – Online digital signatures
- Stripe – Online payments for fees throughout the process
To see the process in action, submit your Buy-to-Let deals through our broker portal.