"When remortgaging, the up-front costs can be a barrier for some. We’ve broken that barrier down."
The Mortgage Lender has launched its first fee assisted remortgage aimed at borrowers with 'complex finances'.
These include multiple income sources including rents, contract workers, self employed and those with less than perfect credit histories.
The two-year fixed rates are available up to 85% LTV, with rates starting from 3.41%.
Pete Thomson, sales and marketing director, at TML said: “When remortgaging, the up-front costs can be a barrier for some. We’ve broken that barrier down. The question is now very simple – will my repayments be cheaper?
“Lots of homeowners have seen their situation change while they’ve been on their existing deal. Now, because they’ve become self-employed, taken on a second job, are paying school fees or maybe have some credit issues, they think they’ve got little choice but to just sit on their current lender’s expensive Standard Variable Rate.
“That doesn’t have to be the case and they could save thousands of pounds in just two years, which they could be putting to other uses.”