The Mortgage Lender has introduced new purchase and remortgage products for employed, self-employed, contract workers, retired and those with complex incomes up to 85% loan to value.

The new range has criteria that enables applicants to access mortgage products at rates which start at 3.27%.

Self-employed income is assessed on salary and share of profit before tax for the most recent year and 50% of regular overtime and bonus is used to assess employed income.

There is a range of products that are available to the whole of market for applicants who have an impaired credit history, including CCJs, defaults, arrears and debt management plans.

Peter Beaumont (pictured), The Mortgage Lender’s chief executive, said: “We’re delighted to return to residential lending with a new product range that meets the needs of home movers, buyers and those remortgaging here and now.

“Our real life criteria combined with competitive rates has been developed around customer needs in conjunction with our broker partners and benefits from being backed by a balance sheet lender.

“The residential relaunch comes on the back of record performance of our buy-to-let products throughout the pandemic and is down to the hard work of our team and our dedication to providing relevant products for applicants who are locked out of the high street.”