MortgagesAug 7 2014

LaunchPad: BTL comparison

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Commercial Trust has launched a buy-to-let mortgage comparison tool, which will make it easier for advisers to find “bargain” deals.

Users can use the tool to filter and sort through any number of products by property value, required loan, term repayment type and loan type, and whether early repayment charges will apply.

Stuart Cunningham, director of operations at Commercial Trust, said: “Buy-to-let lenders recognise this surging demand and are constantly updating their product ranges. Every week lenders are announcing new or revised mortgages that are competitive in terms of rates, fees and flexibility.”

“At Commercial Trust, we believe in making the customer journey as smooth as possible, which is why we are very proud of our new mortgage comparison tool that enables users to browse and compare our full range of over 500 mortgages. At present, we believe that we are the only broker to offer such a comparison tool that looks at buy-to-let products only.”

Once users have found a product that suits them, they can then contact or request a call-back from one of Commercial Trust’s advice team.

Ruth Whitehead, principal for London-based Ruth Whitehead Associates, said: “Many financial mortgage brokers provide mortgage comparison tools, which similarly have tool filter functions. I do not think this new launch offers anything new.”