The Mortgage Lender has made changes to its residential remortgage products, introducing additional products with no up-front fees and either £500 cashback or free standard legals.

The new remortgage products are available to the whole of the market up to 85% loan to value, with a minimum loan of £75,000.

Initial rates for the new products start at 3.05% for a two-year fix at 70% loan to value and 3.79% for a five-year fix at 70% loan to value.

There are no application, valuation or telegraphic transfer fees.

Completion fees from £995 to £1495 are payable, but can be added to the loan.

Peter Beaumont (pictured), The Mortgage Lender deputy chief executive, said: “Remortgages are an increasingly important source of new business for our broker partners and it’s important we support our introducers by offering competitive rates and attractive products for those customers that do not meet mainstream criteria such as debt consolidation, self employment and impaired credit”

“Our new products deliver on that promise and provide borrowers with more choice.”