Specialist BTL lenders lack speed, say brokers

Some specialist buy-to-let lenders are beginning to invest more in their technology.

Accord Mortgages, an intermediary-only lender, launched its Mortgage Sales and Originations (MSO) platform in May.

Jeremy Duncombe, the lenders’ managing director, said the platform “makes it easier for brokers to do business”. But it also allows the lender to introduce a wider range of products and services, both now and in the future.

Since May, the lender said one in seven applications received have been for propositions not previously available.