The Mortgage Lender has revised its residential range with the launch of a fee offer purchase product.
The new no up-front fee residential purchase product is available to the whole of the market and across The Mortgage Lender’s Real Life Criteria (RL1 to RL7).
The product is available for loans from £75,000 to £250,000 up to 85% loan to value.
Rates start at 2.84% for a two-year fix at 70% loan to value and 3.68% for a five-year fix at 70% loan to value.
There is no valuation, application or transfer fee and the completion fee, which ranges from £1,349 on RL1 to £1,845 on RL7, can be added to the loan.
Peter Beaumont (pictured), The Mortgage Lender deputy chief executive, said: “We believe in real life lending which means our products need to constantly evolve to meet the ever-changing needs of today’s borrowers.
“The launch of the fee offer purchase product gives borrowers more choice and the ability to save on some of the most common costs associated with securing a mortgage.”