Mortgage Works launches iPhone and iPad app

The Mortgage Works, the buy-to-let lending subsidiary of Nationwide Building Society, has announced the launch of its affordability calculator app for iPhone and iPads, following the launching of the Android and BlackBerry versions in October 2011.

The firm said that, according to a recent in-house poll, 60 per cent of advisers use an iPhone or an iPad.

The app, titled Buy-to-let affordability calculator, is based on TMW’s how much can be borrowed calculator.

It allows intermediaries to work out how much their client could borrow from TMW after entering the estimated purchase price or valuation and estimated rental income on a property.

Ian Andrew, managing director of intermediary sales at Nationwide, said: “The app has already proved popular with intermediaries, but now that it is available on all major mobile devices we expect many more advisers to download this useful tool.

“Brokers can check the maximum amount TMW could lend their client even when they aren’t logged on to their computer. The app is really easy to use and is part of our ongoing commitment to making life easier for brokers.”