TML unveils self-employed and complex income range

Michael Lloyd

November 21, 2019

The Mortgage Lender (TML) has launched a residential product range which caters for borrowers with self-employed or complex income scenarios without adverse credit.

The new RL0 category is available across its purchase and remortgage residential range including Help to Buy.

Help to Buy rates for RL0 start at 3.2% for a 2-year fix at 75% LTV with a free valuation and £995 completion fee.

The no-upfront fee purchase product starts at 2.64% on RL0 for a 2-year fix at 70% LTV.

Peter Beaumont (pictured) deputy chief executive at TML, said: “We are constantly building on our experience as a real-life lender and are adept at underwriting complex residential cases.

“Those borrowers who have complex circumstances, or are self-employed, require increasingly sophisticated and granular pricing options.

“Reducing rates across our RL1 to RL4 products offers better value in those segments and the introduction of RL0 allows us to combine our experience with competitive rates and provide a better deal for borrowers that don’t fit the box for high street lenders.”

The RL0 remortgage product with free valuation and standard legals or £500 cashback, starts at 2.85% for a 2-year fix at 70% LTV.

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