Accord Mortgages has announced it is adding buy-to-let (BTL) functionality to its API technology, as part of a move aimed to make it easier for brokers to submit mortgage applications for landlords.

Brokers using Iress’ Trigold and Xplan Mortgage, or Twenty7Tec’s APPLY software will now be able to process BTL applications via Iress’ Lender Connect system.

This would give advisers the ability to pre-populate Accord’s MSO platform which would save up to 20 minutes per case.

Accord managing director, Jeremy Duncombe, commented: “Brokers have benefited from the digital efficiencies we’ve seen with our MSO platform and API connectivity working hand-in-hand for residential cases, and we’re pleased to be extending this to buy-to-let business too, meaning all our propositions can now be accessed in one place.

“It’s yet another way we’re improving our BTL proposition; streamlining elements of the application process saves brokers time and effort, which will be felt even more so for advisers submitting multiple applications for portfolio landlords.”

Head of product intermediary mortgages at Iress, Kelly Bretherton, said that the ability to apply for an “ever-expanding range of products” through Lender Connect means that brokers can work on “a range of mortgage scenarios” without having to rekey information.

Twenty7Tec director of lender relationships, Nathan Reilly, added: “January and February have been record months for APPLY engagement from our users, which shows advisers are increasingly looking at the ways technology can drive additional time saving and efficiency when submitting applications to lenders.

“In order to continue this positive trend, it’s vital advisers can realise the benefits of integration across even more cases, so we’re delighted that APPLY will also now support BTL submissions for Accord Mortgages.”

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