The facility will support existing BTL pipeline cases where possible and be available for the majority of new individual, expat and limited company BTL applications, from today.
The move follows the launch of a revised BTL range with two-year fixed rates starting from 3.13% for individual and limited company applications at 70% LTV, and five-year fixed rates starting from 3.49%.
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Steve Griffiths, sales director at The Mortgage Lender, said it was now more important than ever to ensure they had products that could deliver access to funding to manage their portfolios.
“With the new purchase market effectively on hold, facilitating pipeline purchases and remortgages are key to ensuring brokers can continue to support their clients and in turn provide them with much needed cash flow during this challenging period.
Steve added that TML supported its intermediary partners by combining real-life criteria with the latest technology solutions.
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