Service Times arr-up
Service Times Close arr-up arr-down

Our service and turnaround times

Figures accurate as of 23rd September 2020
Dips Reviewed

Dips Reviewed

within 24 hours

Applications Reviewed

Applications Reviewed

within 72 hours

Documents Assessed

Documents Assessed

within 72 hours

Valuations Assessed

Valuations Assessed

within 72 hours

Telephone average wait time

Telephone average wait time

1 minute 25 seconds

Announcements
Thursday 17th of May 2018

The Mortgage Lender launches buy to let with exclusive distribution partners

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 per cent 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.

The Mortgage Lender deputy chief executive Peter Beaumont 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.”

The buy to let partners are TFC Homeloans, 3mc, John Charcol, The Buy to Let Business, Brightstar, Complete FS, AToM, London & Country, Xpress Mortgages, Which and Mortgages for Business.

The interest coverage rate test on the mortgages ranges from 125 per cent to 140 per cent depending on the tax status of the borrower and there is an application fee of £150 plus a valuation fee and completion fee of 1.5 to 2 per cent of the loan, which can be added to the loan.

The Mortgage Lender will also take a pragmatic approach to underwriting and accept some historical light impaired credit.

Written by News Teamof The Mortgage Lender

Fancy another?

There’s plenty more where that came from. These ones are on us.

Tuesday 17th March 2020

TML Response to Coronavirus

From Deputy chief executive Peter Beaumont Coronavirus has thrown us all a…
Read more triangle-right

Thursday 27th June 2019

The Mortgage Lender opens BTL low rate high fee to whole of market

The Mortgage Lender has extended its 2.83 per cent initial rate with…
Read more triangle-right

Thursday 11th April 2019

The Mortgage Lender oversubscribed on first AAA-rated £238.5m securitisation

The first UK mortgage-backed securitisation of residential assets, originated by The Mortgage…
Read more triangle-right

Get in touch

There’s always someone here for you, all you have to do is holler and we’ll come running.

Contact Us triangle-right

Already applied or have a mortgage with us?

If you want to be our friend or are already one of the family then just click the right button and you’re off.

Visit our customer site triangle-right
up