Finance

BTL products launch at The Mortgage Lender

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18th May 2018

The Mortgage Lender has launched its buy to let products which will be available through 11 exclusive distribution partners.

The products will be available up to 80% loan to value and are available to individuals, limited companies or LLPs, for HMO and multi-unit freehold, and for new build and flats above commercial properties.

Peter Beaumont, The Mortgage Lender deputy chief executive, commented: “We said that we would be launching a buy to let product range to complement our existing residential proposition and we’re delighted our ambitions are now a reality.

We’ve worked hard to get the product range and pricing fit for today’s market. It means we’ll accept applicants from 21 to 80 at application, ex-local authority properties, up to four applicants through a Limited Company or Limited Liability Partnership and have rates that start at 2.99 per cent for an individual borrower choosing a two-year fixed rate.

By launching our buy to let products through carefully chosen distribution partners we can continue to test our systems, our underwriting and the end to end customer journey before making our products available to the whole of market.”

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