So, it may not be that lenders are unwilling to recognise the gains available in specialist BTL lending, but internal resources limit what they can do.
Even so, many are taking action; 36% of lenders are considering a separate origination platform, and 29% already have one.
This is where flexible technology can take on that burden and give lenders a solution.
Finova’s specialist BTL lending platform can be bolted onto a lender’s existing system, instantly giving them the capacity to launch specialist BTL mortgages in as short as four months.
The platform can support the full BTL offering across various lending types such as limited company borrowing, individual borrowers and portfolio landlords. It can also facilitate a range of property types such as standard, houses in multiple occupation, and multi-unit blocks.
The platform comes with all the core components lenders need — including case management, decisioning, and document production — delivered as part of a single, specialist BTL solution.
It is also integrated with services such as Experian, Companies House, Landmark Quest, and Loqate to support the lending journey.
Specialist lending evolves quickly, so future proofing is critical. Cloud-based architecture and intelligent automation provide the agility lenders need.