Important Information i

From Friday 23rd February, we have made rate reductions across both our Buy to Let and Residential product ranges. View our product guides.


We continue to support customers who are struggling or think they may struggle with their mortgage payments. If you need our assistance, please call our Customer Support team on 0344 257 0427, Monday to Friday, between 9am and 5.30pm. If your client can keep up with their mortgage payments, we would encourage them to do so, as changing their contract could lead to higher payments down the line.


The Mortgage Lender announces rate reductions across entire residential range

Friday, January 20, 2023

The Mortgage Lender has announced rate cuts across its entire residential range, including purchasing and remortgaging products.

The specialist lender’s rate reductions run across its Real-Life (RL) and Lumi ranges, for both two- and five-year fixed rate ranges, lending up to 85% loan to value.

Reductions range from 10 basis points to 40 basis points. Most notably in its re-pricing is the lender’s RL0 5-year fixed 75% LTV remortgage and incentivised products, with rates reducing by 40bps.

Other product changes include its Lumi 1 five year fixed 70% and 75% LTV remortgage and incentivised products which have been reduced by 30 bps, as well as its RL2 and RL3 remortgage and incentivised products that have also reduced by up to 36bps.

The RL and Lumi ranges are aimed at supporting the self-employed, borrowers with complex incomes and those with adverse credit.  The Lumi range is available through Specialist Distribution Partners.

Steve Griffiths, Chief Commercial Officer at The Mortgage Lender comments: “As the cost of living continues to put a financial strain on households, we know that affordability is of great concern to those either purchasing or remortgaging their homes. We endeavour to give borrowers access to and a choice of products that not only suit their needs, particularly if they have more complex incomes, but can also support them as they navigate the current financial pressure. These rate reductions reflect our continued desire to offer brokers’ innovative and competitive solutions for their client.”

For more information on TML’s residential products please click here.