Digital Mortgage
Definition
Online mortgage application and processing systems that allow borrowers to apply, upload documents, and track progress digitally. Many HMO lenders now offer digital platforms to streamline the traditionally complex buy-to-let mortgage process.
Related Terms
PropTechHMO MortgageInterest Coverage Ratio (ICR)HMO ValuationDebt Service Coverage Ratio (DSCR)Stress TestingPRA RulesNet Rental YieldVoid Periods
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