Its products are available to the whole of market and across its Real Life (RL) categories one to six. There is a maximum loan to value of 75 per cent with a minimum 5 per cent borrower deposit and rates start at 3.64 per cent for a two-year fix.
There is a free valuation across the range and a completion fee of £995 for RL one to four, and £1,495 for RL five and six.
Help to Buy extension
At present the Help to Buy: Equity Loan scheme offers borrowers a government funded deposit of up to 20 per cent for properties in England, Wales and Scotland and 40 per cent in London.
The deposit, or equity loan has no repayments for the first five years of the loan.
In Budget 2018, chancellor Philip Hammond announced an extension to the Help to Buy scheme from 2021 which will run for a further two years, closing in March 2023, but under different local terms.
The new scheme will be restricted to first-time buyers only, and for houses with a market value up to new regional property price caps.
These caps are set at 1.5 times the current forecast regional average first-time buyer price, starting at £186,100 in the north east stretching up to £600,000 in London.
Market fits us
TML deputy chief executive Peter Beaumont (pictured) said: “Help to Buy has opened up the new build property market to a whole new generation of homeowners and it’s working.
“For us it’s an area of the market that fits who we are as a lender.
“We want to help people live in the home they can afford and be pragmatic about borrower circumstances, understanding that life doesn’t always move in the ways we expect,” he added.