Innovative new Buy to Let Mortgage Calculator will Transform Efficiency for Brokers

22 November 2024

London, 20/11/2024 — An innovative mortgage calculator is set to vastly improve the efficiency of the the buy-to-let mortgage advisory process, by providing instant access to the maximum loan available from over 50 lenders, along with corresponding rates, fees, and monthly payment projections. Unlike current tools, which require significant data entry and time-consuming navigation across multiple pages, this new tool enables brokers to instantly deliver answers to clients’ top questions — how much can I get, what are the fees, and what will I pay monthly? — all within one seamless interface.

In today’s competitive market, the speed and precision with which brokers can answer these questions is paramount. Traditional mortgage tools either provide limited information on maximum loan amounts (often only from a limited number of available lenders) or require the broker to submit full client details to see the loan results. Both approaches can be time-consuming, especially when clients seek quick, high-level information on loan possibilities. This calculator’s innovative design streamlines the process by combining rate, fees and loan information instantly, without the need for full data submission.

It has a comprehensive set of tools that can cater for both buy to let specialists and novices. It has an automated part for maximum loan and manual part to dive deep in to individual lenders. It not just give the maximum loan, but also options to calculate the loan for any rate of the lender by providing ICR and default Stress rates for each lender. The calculator is also a useful tool for Consumer Duty monitoring. Due to the lack of a whole market buy to let loan calculator, many brokers limit the loan research to a limited number lenders. This tool will allow more lenders to be analysed and the brokers to provide a wider selection of lenders and deals to their clients.

Key Features and Benefits

• Comprehensive Coverage: Instantly compares maximum loan amounts from over 50+ lenders, delivering a broad range of loan options for brokers to discuss with clients on the spot.
• Instant, All-In-One Information: Displays loan limits, associated rates, fees, and monthly payment amounts simultaneously, enabling brokers to answer clients’ primary questions in a single view.
• Flexible Loan Filtering: Easily filters lenders based on fee structures, property type, client type, and more, allowing brokers to quickly adjust searches to match clients’ needs — from high-street lenders with lower fees to specialist lenders with low rates.
• Reverse Rent Calculation: Allows users to determine the rental income required to support a specific loan, making it ideal for investors seeking to release equity from existing properties.
• Efficiency in Client Interaction: Reduces the need for follow-up meetings, enabling brokers to respond to clients in real-time during face-to-face or live interactions and preventing the potential loss of clients to competitors who provide faster feedback.
• Instantaneous Results: Unlike other tools that rely on web scraping and suffer from inherent delays, this calculator provides instant feedback by using hard-coded rates, enhancing the broker’s ability to make decisions and respond swiftly.

Availability

The buy-to-let mortgage calculator is now available online and can be accessed at www.axessmax.com.

About: Axess Financial Services is a broker with over 24 years in the mortgage industry. The tool is a culmination of knowledge from helping over 2000 property buyers and investors over time. The tool was initially designed for internal use. However, articles presented with data from the calculator in blogs and social media has led to many other brokers requesting the tool. So we decide to release it to the wider market. As a broker we understand the financial pressures faced by other brokers with the need for various other tools in the industry. So we have made the calculator available at a minimum cost. As no client information is required to use the calculator there is no fear of any cross selling. With a focus on efficiency and client-centric solutions, Axess Financial Services aim to help brokers make the most informed recommendations in real-time, elevating their competitiveness and productivity in a demanding market.

Quote

Leel De Silva, Development Manager at Axess.

“For face to face client interactions, our new calculator is a game-changer for buy-to-let brokers. A comprehensive tool that will eliminate the usual delays and frustrations that brokers face with current tools. They can focus on what they do best — advising clients on the best loan options and driving successful mortgage completions.”

Contact Information:

Mr Leel De Silva
Axess Financial Services
Email: subs@axessmax.com
Phone: 0208 2398654
Website: www.axessmax.com