The Mortgage Lender has extended its 2.83% initial rate with 2% completion fee buy-to-let product to the whole of the market.
It has also abolished the application fee for multiple applications and reduced the completion fee by 0.25% for cases submitted at the same time from introducer partners 3mc, TFC Homeloans and Dynamo – packager route only.
All of its introducer partners now have access to its low fee range with rates that start at 2.83% for a two-year fix at 70% loan to value with a £150 application fee and 2% completion fee for individual and limited company applicants and 2.5% for HMO and MUB applicants.
The semi-exclusive change will mean brokers can submit multiple cases with no application fee and the completion fee will be reduced to 1.25% for individual and limited company applicants and 1.75% for HMO and MUB applicants.
Peter Beaumont (pictured), The Mortgage Lender’s deputy chief executive, said: “The changes we’ve made to our buy-to-let products are in direct response to what the market is telling us it wants.
“We’re listening to our broker partners and making the changes we need to help brokers help their customers and put The Mortgage Lender front of mind.”