The Mortgage Lender upgrades BTL 80% LTV range | Mortgage Strategy

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The Mortgage Lender has boosted its 80% loan-to-value products and cut its minimum loan value to £25,001 across most of its buy-to-let range.

It has added 15 new 80% LTV loans with different rate and fee combinations to the BTL range, with a two-year fixed-rate product starting at 4.35%, with a 1.5% fee, and a five-year fixed-rate offer at 4.44 per cent, with a 2% fee.

The specialist lender, owned by Shawbrook bank, says the products are available to the whole of the market for individual, limited company and LLP applicants for purchase and remortgage.

The Mortgage Lender sales and product director Steve Griffiths said: “This is one of a number of enhancements we’ve made to our buy to let 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.”

Earlier in the month, The Mortgage Lender launched a £250m tranche of two and five-year fixed-rate BTL limited edition products with rate reductions of 0.15%.

In January, Shawbrook Bank acquired The Mortgage Lender for an undisclosed sum, adding that the move is designed to grow its residential and buy-to-let business.


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