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TODAY'S OTHER NEWS

The Mortgage Lender extends BTL range to whole of market

The Mortgage Lender has extended its buy-to-let offering, ensuring that its products are available to the whole broker market, following a pilot with eleven partner firms

The range on offer by the specialist lender, which entered the buy-to-let market last month, cater for individuals, limited companies and HMOs with two and five-year fixed rate deals on offer as well as a two-year tracker.

The Mortgage Lender will lend on HMO properties, multi-unit freeholds, ex-council properties, new builds and flats above commercial properties.

The BTL mortgage products, available up to 80% loan-to-value, will appear on Mortgage Brain, Trigold, 27 Tech, APAC Systems, Moneyfacts and Defaqto.

Peter Beaumont, deputy chief executive of The Mortgage Lender, commented: “Our buy-to-let products have been flying since we launched with our exclusive partners in May so it’s time to open it up to the rest of the market.

“Brokers like the fact we lend in Scotland, don’t have a minimum earned income and we’ll lend up to £2m. Our arrangement fees are also pretty competitive.”

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