TML cuts BTL minimum loan value and adds 80% deals

Published on

The Mortgage Lender has added a number of new 80% loan to value products and reduced its minimum loan value to £25,001 across most of its buy-to-let range.

15 new 80% 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% with a 1.5% fee and a five-year fixed rate from 4.44% with a 2% fee.

The products are available to the whole of market for individual, Limited Company and LLP applicants for purchase and remortgage.

Steve Griffiths (pictured), The Mortgage Lender sales and product director, 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.”

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

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...