The lender will target experienced landlords with a standard and specialist range of mortgages with rates starting at 3.79% for a two-year fixed rate mortgage up to 75% loan-to-value (LTV).
The product comes with a 1.5% fee.
Following the short pilot the bank will widen its distribution to a restricted panel of specialist intermediaries.
Steve Olejnik, sales director at specialist broker Mortgages for Business, said he was impressed with Axis’ online submission platform which he found easy to use and was pleased with its ability to handle more complex propositions such as limited companies and HMOs.
“The decision-making process will be quick and pragmatic too with all cases being assessed and negotiated individually,” he added.
“I think that brokers are going to be impressed with the attention to detail and level of customer service.”
There are no minimum income requirements and landlords can have an unlimited number of mortgaged properties with other lenders.
Applications for loans up to £1m will be considered, HMO properties can have a maximum of six bedrooms and multi-unit freeholds are allowed a maximum of five units.
