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The Mortgage Lender doubles minimum loan to £50,000

Anna Sagar
Written By:
Posted:
March 10, 2022
Updated:
March 10, 2022

Specialist buy-to-let lender The Mortgage Lender (TML) has doubled its minimum loan size to £50,000 across select products.

In its holiday and short-term let products, which come on both two and five-year fixed rate terms and at 70 and 75 per cent loan to value (LTV), the minimum loan is now £50,000. The maximum loan for this range is £1m.

Two-year fixed rates in this range start from 3.67 per cent, whilst five-year fixed rates start from 4.16 per cent.

The change also applies to its portfolio multi loan, which is available to individuals and limited companies.

Products come on both two and five-year fixed rate terms and are available at 70, 75 and 80 per cent LTV.

Two-year fixed rates start from 3.35 per cent, whilst five-year fixed rates begin from 3.59 per cent.

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Small loans up to £200,000 also have a minimum loan size of £50,000, which applies to two and five-year fixed rate at LTVs of 70, 75 and 80 per cent.

Two-year fixed rates start at 4.27 per cent and five year fixed rates are priced at 4.19 per cent and above.

In its core range and fee saver range, the minimum loan stands at £75,000, while the minimum for large loan products is £500,000.