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TODAY'S OTHER NEWS

New search mechanism for limited company buy-to-lets

Mortgages for Business now allow users to search specifically for buy-to-let mortgages for limited companies.

The changes have been made in a new update to its online Buy-to-Let Calculator and Rate Finder, available on its website.

Other search improvements include the ability to select products that work for Houses in Multiple Occupation and a drop-down menu to allow users to select one or more initial product term.

Search results can now be ordered by a variety of features including rate, APR, maximum loan amount, rent required, repayment type and loan-to-value.

Steve Olejnik, sales director at Mortgages for Business, said: “An increasing number of landlords are using limited companies as borrowing vehicles so it is imperative that this popular tool reflects user requirements, particularly as the buy-to-let calculator and rate finder is one of the most visited pages on our website.

”The ability to sort results by a variety of features allows users to compare different aspects of products, instead of simply by the headline rate.”

The app is available to both Apple and Android users.

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