The bank, which is the UK subsidiary of India’s third largest private sector bank, entered the mortgage market in April piloting its range with Mortgages for Business.
Dale Jannels, managing director at AToM, said: “We are grateful to be one of the small group of distributors who can package the Axis Bank range.”
Its range targets landlords with a minimum of two years’ experience and offers mortgages for Houses in Multiple Occupation (HMO), multi units, expats and limited companies. Rates start from 3.79% with a 1.5% fee.
Jannels said early feedback suggested Axis was establishing a good reputation for service.
Criteria highlights include no minimum income requirements, 75% loan-to-value for new build properties up to £500,000, no credit scoring and rental calculations based on pay rate for its five-year products. The lender will only accept applications for properties based in London and the South East.
Andrew Ferguson, head of buy-to-let mortgages for Axis, said: “We are delighted to have added AToM to our panel of distributors and welcome their experience and reputation in the market. Dale and his team share our views on the importance of service and ensuring brokers and clients are well looked after so I am confident we will work well together.”
