The Mortgage Lender has launched desktop valuations for buy-to-let purchase and remortgage cases up to 75 per cent loan to value.

From Monday, the service will be used to progress pipeline cases wherever possible as well as new applications for individual landlord, limited company and expat buy-to-let deals.

It will not be available for houses in multiple occupation or multi-unit blocks, although applications can still be submitted for processing once physical valuations resume. 

The move follows the launch of a revised buy-to-let range with two-year fixed rates starting from 3.13 per cent for individual and limited company applications at 70 per cent loan to value.

Five-year fixed rates start from 3.49 per cent.

The Mortgage Lender sales director Steve Griffiths says: “Landlords’ business has not stopped because of the current crisis. 

“It is now more important than ever to ensure they have products that can deliver access to funding so they can manage their portfolios.

“With the new purchase market effectively on hold, facilitating pipeline purchases and remortgages are key to ensuring brokers can continue to support their clients and in turn provide them with much needed cashflow during this challenging period.

“We will continue to support our intermediary partners by combining our real life criteria with the latest technology solutions.”