The calculator consists of three elements. The monthly rental income required can be calculated from entering the loan required; the maximum loan available can be worked out from entering the rental income received; and the maximum purchase price at 85 per cent LTV, the maximum loan and the rental income required can all be calculated from the deposit.
John Bianco, senior product manager at BM Solutions, said: “It is a simple tool aimed at making the buy-to-let market simpler for the broker. There are three different calculations available which are easily accessible on our website.”
The BTL rental income calculator can be found at bmsolutions.co.uk
