New fixed rates are available for purchases of properties with an EPC rating of 'A' to 'C'
The Mortgage Lender (TML) has expanded its residential product range, with new two- and five-year fixed rate products at 90% loan-to-value (LTV).
The products are applicable for properties with an energy performance certificate (EPC) rating of ‘A’ to ‘C’ and will include allowing a builder gift or incentive of up to 5% as part of the deposit on new build purchases.
TML has also extended its maximum residential mortgage term from 35 to 40 years to offer increased flexibility for consumers and to cater to individuals with a smaller deposit.
Today we have launched new 90% LTV products, extended our maximum term to 40 years in our residential range, and repriced selected rates. https://t.co/U3pLJn6PHg
— The Mortgage Lender (@TMLmortgage) December 15, 2023
𝗙𝗼𝗿 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝘁𝗲𝗿𝗺𝗲𝗱𝗶𝗮𝗿𝗶𝗲𝘀 𝗼𝗻𝗹𝘆, 𝗻𝗼𝘁 𝗳𝗼𝗿 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝘂𝘀𝗲. pic.twitter.com/SqzDKBlszC
“At TML, we’re striving to support mortgage brokers and their clients by increasing the options available to them,” said Chris Kirby (pictured), head of key accounts and specialist distribution at The Mortgage Lender.
“With the launch of our 90% LTV residential products, available for purchases of properties with an EPC rating of ‘A’ to ‘C’, we will be able to provide solutions to those with smaller deposits with their homeownership ambitions. By making these products available to properties with an EPC rating of ‘A’ to ‘C’, we are providing an option to those looking for lower emitting, more energy efficient, and cheaper-to-run properties.
“We’re aware that for many consumers, it’s important to have the flexibility to have a lower payment in line with their budget, so by also extending the maximum term on our residential products from 35 to 40 years, we will be able to help more consumers with the mortgage being paid off by retirement or age 70, whichever is sooner.”
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