TML unveils residential purchase products

Michael Lloyd

November 8, 2019

The Mortgage Lender (TML) has launched up front fee-free residential mortgages for purchases.

The offering is available across its Real Life Criteria for loans ranging between £75,000 and £250,000 up to 85% LTV.

At 70% LTV, rates start at 2.84% for a 2-year fix and 3.68% for a 5-year fix.

There is no valuation, application or transfer fee and the completion fee, which ranges from £1,349 on RL1 to £1,845 on RL7, can be added to the loan.

Peter Beaumont (pictured), deputy chief executive at TML, said: “We believe in real life lending which means our products need to constantly evolve to meet the ever-changing needs of today’s borrowers.

“The launch of the fee offer purchase product gives borrowers more choice and the ability to save on some of the most common costs associated with securing a mortgage.”

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