The Mortgage Lender announce new residential mortgage range

The Mortgage Lender has announced that it has refreshed its residential mortgage range, including increasing maximum LTV’s, reducing completion fees and a new cashback range.

Related topics:  Finance
Warren Lewis
18th October 2018
House trolley

According to the announcement, benefits of the new range will now include an increased maximum LTV to 90% through selected introducers, reduced completion fees, Rates for Real Life 1 at 70%t 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 and 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, The Mortgage Lender 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.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.