The Mortgage Lender has added 80 per cent loan to value (LTV) products to its buy-to-let (BTL) offering and reduced its minimum loan value.
The minimum loan value is now £25,001 across most of its BTL range.
Some 15 new products have been added to the lender’s offering at 80 per cent LTV with a mix of fee and rate combinations.
These include a two-year fixed rate mortgage with a rate of 4.35 per cent and a 1.5 per cent product fee. There is also a five-year fixed rate priced at 4.4 per cent with a 2 per cent fee.
The products are available to the whole of market for individual, limited company and LLP applicants for purchase and remortgage.
Steve Griffiths (pictured), sales and product director at The Mortgage Lender, said: “This is one of a number of enhancements we’ve made to our BTL 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.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
