Advisers will be able to determine the maximum borrowing amount, monthly repayments and rates with the calculator.
It works with the lender’s existing and future buy-to-let mortgage range. This includes its two and five-year fixes up to 75 per cent loan to value on lending below £1m. Its five-year fixed range comes with no exit fees or early repayment charges after three years.
The calculator can be accessed on Monument’s website, with the lender claiming it will return results within two minutes.
Conor McDermott (pictured), head of lending at Monument, said: “As a lender, we appreciate just how important time is for advisers and our ongoing aim is to ensure that we inform our intermediary partners as quickly and effectively as possible if their clients meet our affordability and eligibility requirements.
“Our online buy-to-let loan calculator is the perfect starting point in this process and offers advisers the ability to discover if clients meet our rental income requirements without having to search through swathes of documentation around criteria and lending policy.”
He added: “We hope this will prove useful and we look forward to engaging further with the intermediary community in the coming months and extending our proposition to meet a variety of landlords ever-shifting needs.”
