Keith Street

The Mortgage Lender releases its first BTL remortgage product

The Mortgage Lender has targeted the BTL remortgage sector with a product that offers free standard legal fees and no application, valuation or transfer fees.

The product offering is available at up to 80% LTV, with initial rates starting at 3.44% for a two-year fix at 70% LTV, and 3.70% for a five-year fix at 70% LTV.

It also facilitates the addition of the completion fee — which ranges from 1.5–2% — to the loan.

The products are available for individual, houses in multiple occupation and multi-unit block applicants.

A no-fee £500 cashback remortgage product is also available for limited company applicants, with rates starting at 4.02% for a five-year fix with no fees.

Commenting on the new range, Keith Street, chief commercial officer at the Mortgage Lender (pictured above), said that it “addresses the borrower and intermediary need for a simple, easy-to-execute, real-life lending choice for those looking to refinance their BTL properties”.

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