Paul Rockett, TBMC’s Sales & Marketing Director said, “One of the most frustrating things for Intermediaries is to trawl through lists of schemes that look attractive, only to find that the case falls outside the lenders criteria on the rent stress test calculation. Brokers really do suffer from ‘RENT STRESS’ at the moment!”
TBMC believes this unique addition to their existing Buy to Let quotation system really caps the lot! With simple information from the Intermediary, it shows at a glance: -
- Whether the rental fits that schemes particular rental stress test?
- If not, by how much does it miss out on rent or, what additional deposit would be required to proceed on their preferred scheme?
- Whether the advance fits within the scheme LTV parameters?
- If not, by how much does it miss out, or indeed, could the loan amount be increased?
Paul added, “Once a suitable scheme has been identified, the Intermediary knows the scheme fits on Loan to Value and the rental stress calculation. They can then go on to provide a full client quotation with a single click of the button. It really is so simple and overcomes half the battle in selecting a suitable scheme for the client. TBMC then ensure that all other criteria are met and the case moves to offer as smoothly and efficiently as possible. The full quotation itself is also unique and is a great information provider for both the client and the Intermediary. It can be personalised by the Intermediary for each client”.
What is even more unique is the whole thing is FREE of any charge to all of our Network & Intermediary connections.
For further information, visit www.tbmc.co.uk and click on ‘RENT STRESS TEST CALCULATION’
