Keystone Property Finance has launched MyKeystone, an online case tracking facility for brokers using its Classic Range of buy to let mortgages.
MyKeystone will save brokers valuable time when checking on the progress of their cases, negating the need to call the Keystone administration team.
“A handful of brokers have trialled the system, and like us, are pleased with its functionality. In addition to tracking Classic Range cases, brokers can see where they need to provide additional information and can upload documents directly onto the system. They can even add live case notes for Keystone administrators.
“We’ve had particularly positive feedback on the proc fee monitor which shows how much commission the broker has earned with us and what’s in the pipeline.”
Steve Light of Mortgage-Desk, broker who was instrumental in testing the system said:
“MyKeystone has given me a quick way of reviewing the progress of my buy to let mortgage applications, saving me time as I no longer have to call the lender to get an update. The ability to both add notes and upload requested documents really speeds up the entire process. Indeed, it is a great step in the right direction!”
In addition to case tracking, MyKeystone contains a handy document library which includes checklists, application forms and other paperwork, which help with the submission of more complex cases, including supplementary information on HMOs and multi-units, and shareholder declarations for limited company applications.
You may also be interested in:
Setting up an SPV
Buy to let lenders which offer mortgages to limited companies usually require the limited company to be an SPV (Special Purpose Vehicle). Jeni explains what one is and how to get one.
Will I be accepted for a Ltd Co buy to let mortgage?
Gary McKenna consultant mortgage broker explains what lenders are looking for when it comes to applications from limited companies.
Six common misconceptions about BTL mortgages for Ltd Co's
It would be impossible to cover every single piece of buy to let mortgage lending policy which sits around limited companies but what Jeni Browne wanted to do was put to bed some myths.