Stress testing and affordability calculations will be discussed
Aiming to help intermediaries understand buy-to-let affordability challenges, UK lending platform Landbay is hosting a webinar, which will explain the current situation and options available for landlords to secure a mortgage.
The upcoming Landbay Spotlight session, entitled ‘Buy-to-let affordability: navigating the challenges’, is on Friday, March 24 at 2pm, for 30 to 45 minutes.
Presenting the webinar is Alex Witham (pictured), regional account manager at Landbay, who will explain stress testing and affordability calculations. He will also look at how the sector has changed since new rules were introduced in 2017, leading to a doubling of the number of new buy-to-let limited companies set up in the past five years.
Don't forget to join our next Spotlight session, on 24 March at 2 PM, where we will explore affordability in the buy-to-let market.
— LANDBAY (@LandbayUK) March 14, 2023
Alex will look at how to calculate affordability, its challenges, and how we can help.
Register here ➡️https://t.co/2mqt9Bjv3g pic.twitter.com/0TZJeORRwL
“Broker expertise is needed now more than ever before to guide their clients through the complexities of affordability brought on by rate rises,” commented Rob Stanton, business development director at Landbay.
“Alex has an in-depth technical knowledge of buy-to-let lending, and will provide valuable insight into what intermediaries can do for their clients. He had devised a product comparison tool, which helps to explain how to pass the stress tests, using different mixes of fees and interest rates to suit clients’ individual needs.”
Brokers who are interested to attend can register online via the buy-to-let lender’s website. They can also submit questions during the registration to ensure inclusion on the day’s discussion.
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