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Buy to Let – Quick Facts

August 20, 2021 in Buy to Let

The property market continues to see an increase in demand and lenders continue to reduce rates. This is creating a growing interest in buy to let, particularly with first-time landlords.

Our app users are also reaching out to us with questions and queries about Buy to Let mortgages. In this newsletter, we look at some of our most frequently asked questions and encourage you to reply to this email with your own questions.

Can someone who has never purchased a property before get a buy to let mortgage?
In short, Yes. Although this is possible, it does mean you’ll have a smaller choice of lenders, and the lender is likely to restrict the maximum borrowing amount to a multiple of your income. That being said, many lenders are becoming more open to lending to first-time buyers. We encourage you to speak to our experienced advisers who will be able to give you more personalised information.

Can I raise a deposit by remortgaging an existing property?
Simply put, yes. If your existing property benefits from positive equity there may be a number of options available to you from a simple remortgage to second charge loans. It is best to speak with a member of our team who’d be best placed to advise you on your options.

If you have any specific buy to let questions feel free to get in touch via email – hello@rughtrate.io, we’ll try to answer your queries as quickly as possible.

Rightrate plans expansion as it hits new milestone

August 12, 2021 in News, Press Releases

Ground-breaking buy-to-let mortgage app Rightrate is planning to expand its support for brokers and landlords after passing the 500-plus downloads milestone since launch this year.

It already covers more than 30,000 mortgage products and is the only service addressing a major gap in the mortgage advice process by enabling brokers and landlords to instantly find the product offering the best return on investment across 85%, 80% and 75% loan-to-value irrespective of bands.

New features are being developed in response to growing feedback to add to the current range which includes the ability to save searches across different properties and a built-in remortgage facility helping users to decide whether they can save on their current mortgage or can raise capital.

Launched in January by Mortgages & Insurers Solutions, a member of The Openwork Partnership network, it provides detailed information on property values and uses an artificial intelligence driven product sourcing system.

The free to download app, which calculates the best product rates available, and the deposit needed to achieve the best return on buy-to-let investments, delivers a compliance report showing the product delivering the best return on any given day.

Mark Edwards, Principal, Mortgages & Insurers Solutions, said: “We developed the app to address a gap in the mortgage advice process facing brokers who had no easy way to calculate the best returns on buy-to-let investments.

“The number of downloads since launch demonstrates the strong demand among brokers and landlords for the app and the regular feedback, we receive shows the value the app is delivering as well as highlighting to us what other features are needed to further enhance it.”

Rightrate uses artificial intelligence and live market data to calculate the best possible return on investment and the sign up process for the app takes less than five seconds.

Rightrate won the award for “Best Innovation in the SME Finance Sector” at the Business Moneyfacts Awards 2021 ahead of major firms including Santander, American Express and Investec Bank.

The Openwork Partnership has more than 4,300 financial advisers across the UK and operates as a directly authorised, multi-panel distribution network. Its new website includes an interactive map enabling more clients to access support from the network.

Winner of the Best Innovation in the SME Finance Sector at the 2021 Business Moneyfacts Awards

April 19, 2021 in Awards, News, Press Releases

Rightrate®, developed by London based advisers, Mortgages and Insurers Solutions, has won the award for “Best Innovation in the SME Finance Sector” at the Business Moneyfacts Awards 2021. 

Announced on 15 April 2021 in an exciting online virtual event. Their innovative mobile application Rightrate® scooped the coveted award, beating the likes of Santander, American Express and Investec Bank.  

The Moneyfacts Awards are the largest business finance awards ceremony of its type in the UK and one of the highlights of the finance industry calendar. The awards are totally independent and presented annually for product excellence and outstanding service, covering a range of financial services.

Commenting on the win, Lee Tillcock, Business Moneyfacts Editor said: “Calculating the best rates and returns on mortgage investments, the Rightrate app allows consumers, financial advisers, and specialist lenders to use artificial intelligence (AI) and live market data to calculate instant value on the best possible return on mortgage investments at every price point.”

Mark Edwards, founder of Rightrate®, said: “For us, utilising advanced technology is the future of our industry. The Rightrate® app enables our clients and partners to find the right mortgage products in a new, fast and transparent way. We’re delighted to have won this award and thank the industry for recognising our groundbreaking app. We look forward to releasing exciting new features for Rightrate® in the coming weeks and months that will further enhance the user experience.”

About Rightrate:
The Rightrate®  app is an industry first. It helps users instantly find the right mortgage to maximise return on investment.

Rightrate® uses Artificial intelligence and real-time mortgage data to compare thousands of buy to let products and their impact on return on investment.

It currently has a five-star rating on the Google Play and Apple store and can be downloaded to a smartphone by following the links below:

Apple App Store
Google Play Store 

Further information can be found at https://rightrate.io alternatively the Rightrate® team can be contacted via telephone on 0208 364 3444, or at their offices, 18 The Grangeway, Grange Park, Winchmore Hill N21 2HG and 13th Floor Heron Tower, 110 Bishopsgate, London, EC2N 4AD.

Rightrate on the right path

January 18, 2021 in News, Press Releases

The Rightrate app has been shortlisted as one of the finalists for the Business Moneyfacts Awards 2021 in the Best Innovation in the SME Finance Sector category.

The Moneyfacts Awards are the largest business finance awards ceremony of its type in the UK and one of the highlights of the finance industry calendar.

Rigorous product monitoring is carried out throughout the preceding year, and the broker and business communities are also consulted for their feedback for both the selection of the nominees and the eventual winner.

The Business Moneyfacts Awards logo above is a widely recognised badge of excellence, and as a result, past finalists and winners have benefitted their businesses by showcasing their success.

About Rightrate:
The Rightrate app calculates the best product rates available and deposit amount needed to obtain the best return on your investment. It currently has a five-star rating on the Google Play and Apple store.

With this tool you can quickly compare 15%, 20% or 25% deposit amounts across multiple properties and in a snapshot determine which property and product combination potentially provides the best return on your investment.

The next version of the app launching very soon will also include detailed market data for property values, AI-driven investment opportunity finder, and a slick new user interface.

Rightrate Brings Artificial Intelligence to the Mortgage World

December 18, 2020 in News, Press Releases

An AI-powered app launches today that calculates the best rates &
returns on mortgage products for consumers, financial advisers and
specialist lenders alike

One of the most common issues in the mortgage world is knowing how to get the best return on your investment when considering all the different rates on the market, deposit amounts, mortgage term and your buying circumstances.

With over 30,000 mortgage products available from over 50 mainstream lenders, even the most savvy consumers, qualified brokers or experienced investors can find difficulty in calculating the best returns, especially with mortgage rates changing every day.

Until now there has been no easy way to streamline this process.

Developed by multi-award-winning broker Mark Edwards, Rightrate uses artificial intelligence and live market data to calculate the best possible return on investment, whether you are looking to buy your first property, a seasoned investor or a broker looking to deliver the finest and most thorough service for their clients.

With this tool users can quickly compare 15%, 20% or 25% deposit amounts across multiple properties and in a snapshot determine which property and product combination potentially provides the best return.

Rightrate is a powerful tool distilled into a simple, intuitive interface available to use anytime in your pocket, on both iOS and Android. The sign up process takes less than 5 seconds.

Unlike other calculators out there, you can save your searches and compare different properties. Ideal if you are deciding between several properties and need the right financial decision to be made.

The app is especially useful during price negotiations, where you need to make fast decisions on whether a purchase ‘stacks up’ at a certain price, the Rightrate app gives you peace of mind by giving you an instant value of your return at every price point.

Rightrate reduces the anxiety and unknowns that come as part of the property buying & investing process to give you complete confidence you are maximising your returns on purchases. A built in remortgage feature provides information on whether savings can be made on a user’s current mortgage or whether they’re able to raise further capital.

The app is available for free to consumers, with pro features available for investors and industry professionals. A white labelled, branded version of the app will be available for brokerages & enterprise users. Available now on the iOS App Store and Google Play Store.

Website & more information – rightrate.io
For press enquiries call Mark Edwards +447956 496 041
Date of Release – 17/12/2020