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First Complete invests in BTL mortgage start-up


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First Complete has made a minority investment in digital buy-to-let broker Property Master.

The investment from the mortgage distributor – part of LSL Property Services – will help to accelerate the growth and capability of Property Master. 

The broker uses sophisticated algorithms to match buy-to-let landlords funding requirements to over 90 prospective lenders, who offer in excess of 2,000 different buy-to-let mortgages.

Since launching four months ago, over 7,000 landlords have made use of Property Master’s services with a typical remortgage saving individual landlords over £1,800 per annum against their current outgoings.

“Our cracking launch performance with over 14,000 mortgage searches in just four months, demonstrates the pace at which we are revolutionising buy-to-let finance,” said Angus Stewart, CEO of Property Master. 

“With the recent addition of our new affordability monitoring features – especially for portfolio landlords – we are achieving our goal of making Property Master the destination site for any landlord looking to find their next mortgage.”

Property Master hopes to help a market faced with changes in regulation and taxation, the latter leading to a reduction in mortgages interest tax relief on buy-to-let properties from early next year, which may lead to private landlords looking to restructure the funding on the properties they currently own. 

David Copland, director of mortgage services at LSL, added: “We are looking forward to working with the Property Master team. 

“We recognise the structural changes occurring within the mortgage industry and see Property Master’s technology as a key enabler of future change.”

LSL Property Services is a provider of residential property services, including estate and letting agency services through brands which include Your Move and Reeds Rains.





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