The Mortgage Lender (TML) is offering a five-year fixed HMO buy-to-let rate and Lumi-branded products for limited company, individual and HMO/MUB applicants with semi-exclusive distribution through selected mortgage clubs and networks.
The Lumi buy-to-let product has no application fee, free valuation and the choice of free standard legals for remortgages, or £500 cashback for remortgage and purchase.
The Lumi five-year fixed rate is 3.89% at 75% loan to value for individual and limited company applicants and 3.99% for HMO/MUB applicants.
Lumi products also benefit from a reduced completion fee of 1.25% for limited company and individual applicants and 1.75% for HMO/MUB applicants.
The initial rate for the five-year fixed HMO buy-to-let is 3.8% with a 0.5% reduction in the completion fee to 1.5% for remortgage or purchase.
Steve Griffiths (pictured), TML’s sales and product director, said: “Increased choice in the specialist buy-to-let sector is driving better deals for customers. Whether landlords are looking to raise capital to increase the size of their portfolios or for a competitive deal we’ve got the rates, criteria and customer service to help them achieve their goals.”
