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30 March 2021

Buckinghamshire Building Society has streamlined their Buy to let application process, giving brokers the ability to provide clients with an instant decision on their application, by using an online affordability assessment and calculator. This innovative approach comes in response to feedback from Brokers, who are keen to make the BTL application process as seamless as possible.

The mutual says this will allow brokers to provide a swift resolution for their clients, helping speed up both the customer and broker journey from affordability assessment to completion.

By completing their affordability assessment, this removes the requirement for a decision in principle (DIP), and enables the application to be submitted. The calculator applies to Standard, Limited Company and ExPat Buy to let mortgages.

Buckinghamshire Building Society says they worked with brokers to develop this tool to “simplify and speed up the process wherever possible”.

Claire Askham, Key Account Manager at Buckinghamshire Building Society commented; “The key to our continuous development is our communication with our broker partners, coupled with our innovative approach to do whatever we can to enhance their experience with us.”

Claire continues; “Combining the streamlined process with the ability to use non-indemnity search insurance on a remortgage case, will also help to speed up completion times.”