The Mortgage Lender has released a special edition £30m five-year fixed rate buy to let tranche with rates starting at 3.49 per cent for a mortgage at 70 per cent loan to value.
It has also launched a Mini MUB (Multi-Unit Block) product for blocks of two units with a minimum loan of £150,000 and a five-year initial fixed rate of 3.74 per cent at 75 per cent loan to value.
The special edition and Mini MUB products are whole of market for purchase or remortgage and available to individuals and Limited Company applicants with a 1.5 per cent completion fee and a £150 application fee.
Exclusive introducer partners also have access to a new five-year fix Large Loan product for mortgages between £500,000 and £750,000 with an initial rate of 3.48 per cent at 65 per cent loan to value and a reduced completion fee of 0.5 per cent.
The Mortgage Lender sales director Steve Griffiths said: “This is the first time The Mortgage Lender has launched a special buy to let tranche and we’re delighted to have been able to do so with a top quartile rate.
“All of the changes to our products provide competitive criteria and rates for niche segments of the buy to let market and have been developed alongside our broker partners who have told us what they and landlords want.”
From 22 October it replaced its range of Buy to Let products with new ones linked to the TML Buy to Let Base Rate in line with the industry transition away from LIBOR before the end of 2021.
There’s plenty more where that came from. These ones are on us.
Monday 9th November 2020
The Mortgage Lender releases £30m Buy to Let special
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The Mortgage Lender finishes third quarter with record performance
Wednesday 7th October 2020