BTL range enhanced at TML to meet demand

The Mortgage Lender has announced that it has added a raft of new 80% LTV products and reduced its minimum loan value to £25,001 across most of its buy to let range.

Related topics:  Landlords
Property Reporter
26th July 2021
To Let 925

According to the lender, fifteen new 80% LTV products with different rate and fee combinations have been added to the buy to let range, with a two-year fixed rate starting from 4.35 per cent with a 1.5% fee and a five-year fixed rate from 4.44% with a 2% fee.

The products are available to the whole market for individual, Limited Company and LLP applicants for purchase and remortgage.

Steve Griffiths, TML sales and product director, said: “This is one of a number of enhancements we’ve made to our buy to let 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.”

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