Crystal Mortgages claims to have issued terms of over £2 million since entering the buy-to-let market two weeks ago.

The Walsall-based buy-to-let packager says many applications are from those who have previously been turned down for finance by their existing lenders.

The firm has a portfolio available of over 100 products, with loans available from £25,000 to £10,000,000, LTVs up to 75% and interest rates from 1.99% above the Bank of England Base Rate.

Roger Dewsbery, senior underwriter at Crystal Mortgages, said: “The level of applications we are receiving are extremely high with good portfolios