The lender has added a retained interest calculator which enables brokers to gross up a loan where interest is to be retained.
It has also added a net loan calculator that lets brokers work out the net loan advance after all deductions, e.g. legal, admin and broker fees.
Dragonfly has also added a calculator which works out the maximum loan advance based on rental income on buy-to-let and houses of multiple occupation loans.
Mark Posniak, head of marketing and operations at Dragonfly, said: “We launched these calculators to offer a simple way for brokers to crunch the numbers and work out every last detail of a deal.
“Anything we can do that makes life easier for the broker and enables the client to be informed about the total cost of a loan even quicker, we’ll do it. Transparency and total awareness of cost are key.”
