" It’s important we give our introducers the widest choice possible to accommodate all types of borrower and their individual circumstances"
The three tiers of completion fee, available to the whole of market, are fixed fees, a percentage fee or zero completion fee.
The fixed fees range from £1,495 to £2,495 for HMO/MUB applicants and £995 to £1,995 for individual and limited company borrowers, while percentage fees range from 1.5% to 2%.
New rates for HMO/MUB applicants borrowing at 70% LTV include a five-year fixed rate at 3.82%.
TML's new zero completion fee range starts with an initial rate of 3.89% for an individual borrower with a five-year fix at 70% LTV.
Peter Beaumont, deputy chief executive at The Mortgage Lender, said: “Buy-to-let is a very competitive market and it’s important we give our introducers the widest choice possible to accommodate all types of borrower and their individual circumstances.
The changes in taxation have made the structure of buy-to-let portfolios more complicated and our new range ensures that however a landlord is funding their properties we’ve got options that can help them plan their borrowing in the most cost-effective way for them.”
