The Mortgage Lender (TML) has restructured its residential products and criteria in a move designed to help more customers in the specialist lending space.

The lender is looking to provide brokers with more solutions for customers that have recent credit blips or more historic and heavier adverse credit.

Customers with historic credit impairment may be able to access products that have higher LTVs than previously available. It will also improve adverse credit recency for small County Court Judgements (CCJs), defaults and missed payments on secured and unsecured credit, and remove its minimum credit score requirement on its RL0 product.

Meanwhile, TML is also reducing its residential revert margin for new residential loans to 3.00% above the TML residential base rate, which combined with its recent reduction in stress rates will improve affordability on two-year fixed products.

Steve Griffiths (pictured), chief commercial officer at The Mortgage Lender, said: “We strive to support and offer innovative solutions to those who may have credit blips or a more adverse credit history, and our recent restructure sets out to achieve just that.

“In addition, the current environment of high interest rates and high inflation means that customers need to maximise their affordability in order to support their homeownership goals.”