TML launches ‘real-life’ residential range
By Gary Adams 26
The Mortgage Lender has brought a new ‘real-life’ residential range to the market.
It says that the purchase and remortgage products are aimed at the self-employed, contract workers, retired people, those with complex incomes, borrowers with credit blips and employed borrowers. Rates start at 3.27 per cent.
Self-employed income is assessed on salary and share of profit before tax for the most recent year while 50 per cent of regular overtime and bonus is used to assess employed income, adds TML.
The products are available at up to 85 per cent and rates depend on which ‘real-life band’ each borrower falls into, depending on their circumstance.
The Mortgage Lender has returned to the specialist residential market.
The lender has launched a range of purchase and remortgages products for employed, self-employed, contract workers, retired and those with complex incomes up to 85% LTV.
Product rates start from 3.27%, detailed the lender.
Self-employed income is assessed on salary and share of profit before tax for the most recent year, and 50% of regular overtime and bonus is used to assess employed income.
There is a range of products that are available to the whole of market for applicants who have an impaired credit history, including CCJs, defaults, arrears and debt management plans.
Octane Capital has been appointed to the panel of the Legal & General Mortgage Club. Members of the mortgage club will now have access to Octane Capital’s ‘zero stress-tested’ buy-to-let products and its full range of ‘product-less’ bridging, refurbishment and developer exit loans. Legal and General Mortgage Club
L&G Mortgage Club members will now have access to Octane Capital’s buy-to-let products and its full ‘product-less’ proposition, covering bridging, refurbishment and developer exit loans.
Legal & General Mortgage Club members will now be able to access Habito’s buy-to-let products. The lender’s products include 10-year fixed rates and offerings for the self-employed, first-time buyers and later life landlords. Habito says that cases typically benefit from an underwriter review in 24 hours. It adds