TML + Assetz

TML and Assetz Capital trim rates

The Mortgage Lender (TML) and Assetz Capital have announced rate cuts across their product ranges.


TML has reduced rates and fees on its BTL range and introduced two- and five-year limited-edition products.

The limited-edition five-year fix has an initial rate of 3.39% at 70% LTV, while the two-year fixed-rate product is available at 3.5% at 75% LTV. 

In addition, the rate for its existing limited-edition five-year fixed-rate range has been lowered from 3.56% to 3.46%.

Completion fees for all the limited-edition products for individual and limited company applicants have been reduced to 1%.

The lender has also dropped rates on its core BTL range to 3.59% at 70% LTV, and 3.69% at 75% LTV, both available for five-year fixes.

Meanwhile, the two-year fixed-rate products are down to 3.35% at 70% LTV and 3.45% at 75% LTV.

The rates are available to the whole of market and have completion fees of 1.5% for individual and limited company applicants and 2% for HMO/MUB applicants.

Steve Griffiths, sales and product director at TML, said: “Landlords and brokers are benefitting from increased competition in the specialist BTL mortgage market. 

“The combination of reduced rates and our limited edition with reduced completion fees makes us stand out from our peers. 

“It also offers greater choice for landlords, whether they are looking to raise capital to increase the number of properties in their portfolio or refinance existing arrangements to better suit their needs.”

Assetz Capital

Assetz Capital is offering a summer rate reduction of 0.45 basis points across all its loan products until 31st July 2021.

The promotion reduces the lender’s annual rates across its bridging, commercial mortgages/investment, SME-secured, development finance and residential refurbishment offerings. 

To secure this offer, borrowers must have accepted terms and paid fees to instruct professionals on the back of a valid decision in principle, prior to the end of July.

“We are delighted to make this promotion available to our brokers and their borrowers,” said Mark Standley, national commercial director at Assetz Capital.

“The initiative is designed to help our brokers win more business as we are finalising our CBILS pipeline and launch a refreshed and sharper proposition across our traditional product sets following the pandemic.

“We are now supporting property secured loans up to 75% LTV between £150,000 and £10m on a wider range of solutions and competitive pricing, while retaining the same high standards of personal service and reliability. 

“Direct feedback from our intermediary network has helped to shape our new proposition, and so a 45-basis point reduction until the end of July is our way of saying thank you.”

This follows a rise in demand for the lender’s bridging loans in recent months after launching a new 0.65% (currently discounted to 0.61%) bridging product in April.

Assetz Capital has lent approximately £1.5bn since its inception in 2013 to UK SMEs and housebuilders.

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