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Mortgage News

The Mortgage Works brings out portfolio review tool for landlords

Anna Sagar
Written By:
Posted:
June 4, 2024
Updated:
June 4, 2024

The Mortgage Works (TMW) has released a portfolio review tool so brokers can support portfolio landlords.

The portfolio review tool will identify future borrowing opportunities with TMW on all properties portfolio landlords own.

It will help brokers access lending information on all portfolio landlords’ properties and support them in “planning for a successful future”.

Dan Clinton, head of buy-to-let (BTL) mortgages for TMW, said: “TMW consistently looks for ways to increase support for brokers. The various changes to the sector, such as increased regulation and taxation changes, have made the need for brokers to support portfolio landlords with their lending opportunities more important than ever.

“We believe the new portfolio review tool will be hugely beneficial to the broker community and enable more informative conversations to help landlords get more out of their investment.”

Jeni Browne, business development director at Mortgage Finance Brokers, said: “This is yet another example of TMW working outside of the box to find ways to support the landlord and the broker community. Having an underwriting view on where capital could be raised can only be a real value-add for any active investor.”

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A survey from Paragon earlier this year revealed that more than a third of portfolio landlords plan to grow their portfolios this year.