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Aldermore developing buy-to-let tool to calculate rental yield

  • 29/10/2015
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Aldermore developing buy-to-let tool to calculate rental yield
Aldermore is improving its online calculator for buy-to-let customers and intermediaries to include a feature that will allow users to work out the rental yield on their chosen property.

The calculator will feature on Aldermore’s online hub for buy-to-let customers which will also include more information for investors and intermediaries, as well as more external links to useful websites.

Charles Haresnape, group managing director of mortgages, said the bank wanted to become the first port of call on buy-to-let information for brokers and their customers.

Aldermore will be adding a number of new features to the hub between now and Christmas.

Haresnape said: “We see ourselves becoming the go-to lender for buy-to-let information. You can choose whether you do business with us and hopefully people will more and more, but there’s a lack of information both for the customer and the broker about buy to let.

“If you’re an investor or a broker, you’ll want to know what the yield is on a property. You can get a calculator out and try and work to work it out for yourself but there’s nowhere you can go to that offers an easy way to do that. We’ve got a calculator already but we’re going to be adding to our this over the next few months so it becomes even more user-friendly.”

This week, Mortgage Solutions revealed that Haresnape has joined Aldermore’s executive board, an appointment he said reflects the increasing importance of the bank’s mortgage division.

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