The Mortgage Lender has expanded its residential product range with higher loan-to-values, more targeted pricing, reduced completion fees and a cashback range.
The range now has a maximum LTV of 90%, with 2-year fixes starting at 3.99%.
TML has changed its product tiers from three, known as TML 1-3, to seven, now branded as Real Life 1-7.
Peter Beaumont (pictured), deputy chief executive of The Mortgage Lender, said: “With the new residential offering we’ve broadened product reach, created up the credit curve product availability and increased options for borrowers that allow for more targeted pricing.
“Our products need to change in line with borrower needs and that’s exactly what our new range delivers. We call that real life lending.”
Rates for Real Life 1 at 70% loan to value starting at 2.8% for a 2-year fix and 3.55% for a 5-year fix. The same 2-year fix at Real Life 7 is 4.85%.
There is also now a revert rate product at 3.4% above Libor.