TML enhances BTL range with 80 per cent LTVs and reduced minimum loan valueTuesday, July 13, 2021
The Mortgage Lender has added a raft of new 80 per cent loan to value products and reduced its minimum loan value to £25,001 across most of its buy to let range.
Fifteen new 80 per cent LTV products with different rate and fee combinations have been added to the buy to let range, with a two-year fixed rate starting from 4.35 per cent with a 1.5 per cent fee and a five-year fixed rate from 4.44 per cent with a 2 per cent fee.
The products are available to the whole of market for individual, Limited Company and LLP applicants for purchase and remortgage.
The Mortgage Lender sales and product director Steve Griffiths said: “This is one of a number of enhancements we’ve made to our buy to let range in recent weeks as we evolve to meet market demand and demonstrate our commitment to real life lending.
“We’ve made these changes with portfolio landlords very much in mind as smaller deposits enable them to grow more quickly by allowing them to distribute their funds across more properties.”
Earlier in the month The Mortgage Lender unveiled a £250m tranche of two and five-year fixed rate buy to let Limited Edition products with rate reductions of 0.15 per cent.
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