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TML enhances BTL range with 80% LTV and reduced minimum loans

Jessica Bird

July 23, 2021

buyers

The Mortgage Lender (TML) has added a raft of 80% loan-to-value (LTV) products and reduced its minimum loan to £25,001 across most of its buy-to-let (BTL) range.

TML has added 15 80% LTV products with different rate and fee combinations, including a 2-year fixed rate starting from 4.35% with a 1.5% fee and a 5-year fixed rate from 4.44% with a 2% fee.

The products are available to the whole of market for individual, Limited Company and LLP applicants for purchase and remortgage.

Earlier in the month, TML unveiled a £250m tranche of 2 and 5-year fixed rate BTL limited edition products with rate reductions of 0.15%.

Steve Griffiths, sales and product director at The Mortgage Lender, said: “This is one of a number of enhancements we’ve made to our buy-to-let range in recent weeks as we evolve to meet market demand and demonstrate our commitment to real life lending.

“We’ve made these changes with portfolio landlords very much in mind as smaller deposits enable them to grow more quickly by allowing them to distribute their funds across more properties.”


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