buy-to-let mortgages for all –
The Mortgage Lender has made its buy-to-let products available to the whole of the broker market after a pilot with 11 exclusive partners.
Its product range includes criteria such as 80% LTV for individuals, limited companies and HMO; communication and utility defaults and arrears are not considered impaired credit, and it will consider flats above commercial properties.
Peter Beaumont (pictured), The Mortgage Lender’s deputy chief executive, said: “Our buy-to-let products have been flying since we launched with our exclusive partners in May so it’s time to open it up to the rest of the market.
“Brokers like the fact we lend in Scotland, don’t have a minimum earned income and we’ll lend up to £2m. Our arrangement fees are also pretty competitive.”
The products will appear on Mortgage Brain, Trigold, 27 Tech, APAC Systems, Moneyfacts and Defaqto.