TML releases £250m worth of limited edition BTL products

Jake Carter

July 7, 2021

rental yields btl

The Mortgage Lender (TML) has released £250m worth of 2 and 5-year fixed rate buy-to-let (BTL) limited edition products, with rate reductions of 0.15%.

The 2-year fixed rate at 75% loan-to-value (LTV) has an initial rate of 3.35%, the 5-year fixed rate also at 75% LTV is now 3.31%, and at 70% LTV the 5-year initial rate drops to 3.24%

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

They also offer a completion fee of 1%, standard valuation fees and a £150 application fee.

Steve Griffiths, sales and product director of The Mortgage Lender, said: “The housing market is still strong despite the tapering off of the stamp duty holiday and landlords remain keen to refinance their portfolios and upgrade existing properties or add new ones.

“Our new £250m tranche offers top quartile specialist lending rates combined with specialist criteria for customer and property profile, and the ability for brokers to deal directly with their underwriter through the application process.”

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