TML enhances BTL range

The Mortgage Lender (TML) has added 80% LTVs and reduced its minimum loan value to £25,001 across most of its BTL range.

The lender has introduced 15 new 80% LTV products with different rate and fee combinations to its BTL suite, with a two-year fixed rate starting from 4.35% with a 1.5% fee, and a five-year fixed rate from 4.44% with a 2% fee.

The offerings are available to the whole of market for individual, limited company and LLP applicants for purchase and remortgage.

Steve Griffiths, sales and product director at TML (pictured above), said: “This is one of a number of enhancements we’ve made to our BTL range in recent weeks as we evolve to meet market demand and demonstrate our commitment to real-life lending. 

“We’ve made these changes with portfolio landlords very much in mind as smaller deposits enable them to grow more quickly by allowing them to distribute their funds across more properties.”

This follows a series of additions to the lender’s BTL range, including the introduction of two- and five-year limited-edition products, the reduction of its rates and fees, and the unveiling of a limited edition £100m tranche for its five-year fixed-rate BTL product.

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