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The Mortgage Lender launches fee-assisted remortgage deals

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  • 24/01/2017
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The Mortgage Lender launches fee-assisted remortgage deals
The Mortgage Lender has introduced a series of fee-assisted two-year fixed-rate remortgage deals aimed at borrowers with complex circumstances.

The deals, which start at 3.41% and are available upto 85% loan-to-value (LTV), are targeted at those with multiple income sources including rents, contract workers and those with ‘less than perfect’ credit histories.

TML said the products could help borrowers benefit from lower mortgage payments and save on upfront fees.

The remortgage deals have no arrangement fee, free standard legal services, refunded valuation fee and no application or telegraphic transfer fees.

Pete Thomson (pictured), sales and marketing director at TML said: “When remortgaging, the upfront costs can be a barrier for some. We’ve broken that barrier down.

“Lots of homeowners have seen their situation change while they’ve been on their existing deal. Now, because they’ve become self-employed, taken on a second job, are paying school fees or maybe have some credit issues, they think they’ve got little choice but to just sit on their current lender’s expensive Standard Variable Rate.

“That doesn’t have to be the case and they could save thousands of pounds in just two years, which they could be putting to other uses.”

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