MT Finance launches new buy-to-let range on Knowledge Bank

MT Finance has launched its new buy-to-let product criteria on Knowledge Bank.

MT says its buy-to-let range offers a 'flexible approach', with ICR stress testing from 125% and applications accepted from trading companies, first-time buyers, first-time landlords and those with adverse credit.

MT will lend to expats up to 65% LTV and on both residential and semi-commercial properties.

Brokers will be able to use Knowledge Bank to drill down into specific criteria conditions and wording to ensure that their clients qualify.

MT Finance has also signed up to Knowledge Bank's KB Pro lender system which gives lenders a dedicated system to better manage their criteria data and a range of tools to improve how their criteria is communicated to brokers.

Marylen Edwards, head of buy-to-let lending at MT Finance, said: “It’s incredibly exciting to be launching into the buy-to-let sector. We wanted to ensure complete clarity around our new lending policy and partnering with Knowledge Bank is simply the best way to do this.

“By signing up to the cutting-edge KB PRO lender system we are also in in control of our own criteria data and can use a range of tools to communicate this effectively to brokers. We pride ourselves on being able to give brokers a yes or no without prolonging the process unnecessarily.”

Nicola Firth, CEO at Knowledge Bank, commented: “We are thrilled to have this exciting new buy-to-let range from MT Finance on the Knowledge Bank system. MT Finance has a terrific reputation and an exceptional service proposition, and this is supported by their unwavering commitment to use the best tools, technology and people to support their intermediary clients.

“We are very excited to be supporting them and delivering innovative products to brokers and their clients in a brand-new sector of the market for them. One key aspect of delivering an exception service to brokers is clarity and uniformity, and by using KB PRO the MT Finance head office staff, BDMs, underwriters, and internal sales teams are all able to use a consistent source of data and wording to ensure the information presented to intermediaries is clear and accurate.”