The Mortgage Lender launches new build proposition

Michael Lloyd

December 19, 2019

The Mortgage Lender has launched a new build proposition with a free valuation and support for specialist new build brokers.

Products are available up to 85% loan-to-value (LTV) with a 5% builder incentive/deposit also accepted across all of its lending categories.

Rates start at 2.45% for a 2-year fix at 70% LTV.

Steve Griffiths (pictured), sales director at The Mortgage Lender, said: “We recognise that new build is different to the rest of the market and we know specialist new build brokers need a bespoke proposition that is suitable for their clients.

“Our underwriting team can provide the certainty brokers and their clients are looking for and we instruct the free valuation after our initial underwrite so it doesn’t hold up the offer.

“When you combine our service proposition with our criteria, which is built around complex incomes, self-employed people and impaired credit we feel we’ve got the right proposition and support to help brokers provide the certainty and service their customers expect.”

The Mortgage Lender has also added products to its 80% LTV Help to Buy Scotland range, with rates starting at 3.20% for a 2-year fix.

Stacey Wood, national new build and surveying relationship manager, PMS, added: “It’s fantastic to see The Mortgage Lender enhancing its new build proposition alongside launching a dedicated new build support service, which is something that many of our members will find extremely useful.

“We will continue to work closely with our lender partners to help shape their future customer propositions in this important area of the market.”

Sign up to our daily email