The Mortgage Lender unveils new residential range

Published on

The Mortgage Lender has revamped its residential product range with higher LTVs, more targeted pricing, reduced completion fees and a cashback range.

It has increased its product tiers from three, known as (TML 1-3) to seven, now (Real life 1-7).

Features of the new range include:

  • An increased maximum LTV to 90% through selected introducers
  • Reduced completion fees
  • Rates for Real Life 1 at 70% loan to value starting at 2.8% for a two-year fix and 3.55% for a five-year fix. At 90% LTV a two-year fix starts at 3.99%
  • £750 cashback product on Real Life 1 starts at 3.3% for a two-year fix at 70% LTV
  • A new revert rate product at 3.4% above Libor at the end of the introductory rate period, with rates starting at 3.59% for a two-year fix at 70% LTV

Peter Beaumont (pictured), The Mortgage Lender’s deputy chief executive, said: “Lend more to people in real life situations – that’s the aim of The Mortgage Lender and all of our product ranges.

“With the new residential offering we’ve broadened product reach, created up the credit curve product availability and increased options for borrowers that allow for more targeted pricing.

“Our products need to change in line with borrower needs and that’s exactly what our new range delivers. We call that real life lending.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Source cuts home insurance quote time after adviser feedback

Source Insurance has reduced the time it takes advisers to complete a home insurance...

Air to host later life lending growth summit

Air will host a Growth Summit next week to help advisers respond to change...

Mortgage affordability reaches tightest level since 2008

Mortgage affordability has reached its tightest level since 2008, with borrowers spending an average...

Equity release lending falls as uncertainty delays completions

Equity release lending fell in the first quarter of 2026 as economic uncertainty and...

Afin Bank removes fee from 95% LTV five-year fixes

Afin Bank has removed the product fee from its 95% loan-to-value five-year fixed rate...

Latest publication

Other news

Source cuts home insurance quote time after adviser feedback

Source Insurance has reduced the time it takes advisers to complete a home insurance...

Air to host later life lending growth summit

Air will host a Growth Summit next week to help advisers respond to change...

Mortgage affordability reaches tightest level since 2008

Mortgage affordability has reached its tightest level since 2008, with borrowers spending an average...