The Mortgage Lender has made its buy-to-let products available to the whole broker market, following a pilot with eleven partner firms.
The specialist lender entered the buy-to-let market in May. Its mortgages are available to individuals and those borrowing through a limited company structure.
It will lend on HMO properties, multi-unit freeholds, ex-council properties, new builds and flats above commercial properties. As with its residential range, telephone and utility defaults and arrears are not considered as ‘impaired credit’.
The products will appear on Mortgage Brain, Trigold, 27 Tech, APAC Systems, Moneyfacts and Defaqto.
The Mortgage Lender deputy chief executive Peter Beaumont says: “Brokers like the fact we will lend in Scotland, don’t have a minimum earned income and we’ll lend up to £2m.”