Peter Beaumont

The Mortgage Lender extends BTL range to whole of market

The Mortgage Lender has opened its 2.83% initial rate BTL product range to the whole market.

All introducer partners will now have access to the range that starts at 2.83% for a two-year fix at 70% LTV with a £150 application fee.

The range has a 2% completion fee for individual and limited company applicants and 2.5% for HMO and MUB applicants.

Brokers will now be able to submit multiple cases with no application fee and a reduced completion fee of 1.25% for individual and limited company applicants and 1.75% for HMO and MUB applicants.

A completion fee reduction of 0.25% has been introduced by the specialist lender for cases submitted at the same time from partners 3mc, TFC Homeloans and Dynamo.

 “The changes we’ve made to our buy-to-let products are in direct response to what the market is telling us it wants,” said Peter Beaumont, deputy chief executive at The Mortgage Lender (pictured above).

“We’re listening to our broker partners and making the changes we need to help brokers help their customers and put The Mortgage Lender front of mind.”

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