The Mortgage Lender has boosted its competitive position on the residential product range and introduced exclusive deals for its Club and Network distribution partners as well as its Premier Packagers.
Rates have been reduced across the LTV range by up to 0.8 per cent for two and five-year fixes on TML 2 and 3 and its two-year tracker rates have been reduced by up to 0.77 per cent on TML 1,2 and 3 boosting its competitive positioning.
Two and five-year fixed whole of market cashback rates, with £750 cashback for the borrower, have also been reduced across the LTV range for TML 2 and 3 and it has waived its £150 application fee for all borrowers until further notice.
Premier Packagers exclusive
Premier Packagers, including 3mc, TFC, Complete FS, The Mortgage Trading Company, Brightstar, AToM and the Buy to Let Business, also have access to an exclusive residential cashback range, which offers a 0.1 per cent reduction on the whole of market cashback range, with £500 cashback for the borrower.
A £1,000 exclusive residential cashback product is available to all distribution partners who have a Club or Network agreement with The Mortgage Lender.
The Mortgage Lender deputy chief executive Peter Beaumont said: “We know people come in all shapes and sizes, and these changes could help get even more people into their new home.
“The reduction in rates on TML 2 and 3 boosts our competitive position and our exclusives give brokers an additional reason to talk to their customers about The Mortgage Lender and Real-Life Lending.”
The Mortgage Lender caters for a wide range of borrowers including employed, self-employed, those with impaired credit, lending into retirement and buy to let investors.