The Mortgage Works has launched a buy-to-let affordability calculator app for Android and Blackberry smart phones.
It is available from today and is based on the lender’s “how much can I borrow?” calculator. It allows intermediaries to work out how much their client could borrow from TMW after entering the estimated purchase price and estimated rental income on a property.
Head of corporate accounts Paul Howard says: “The new app is based on TMW’s most popular calculator which attracts 4,500 unique visitors per month, so I expect the app to be a popular and useful tool for intermediaries. It is really easy to use and will help brokers do business with us wherever they may be.”
An iOS app for Apple devices is currently being developed.