TML launches exclusive cashback deals

Payment-Fine-Currency-Money-700.jpgThe Mortgage Lender has cut rates on its residential mortgages, and launched a range of exclusive cashback deals for selected partners.

It has cut the cost of its two- and five-year fixes by up to 0.8 per cent. Its two-year tracker rates have been reduced by up to 0.77 per cent.

This means its two-year fix now starts at 2.89 per cent, with its five-year fixes starting from 3.35 per cent.

These reductions also apply to the two and five-year fixes that offer cashback. As well as reducing rates The Mortgage Lender has also removed £150 application fee on these products. These mortgages offer £750 cashback to borrowers.

The lenders has enhanced its offering to its premier packagers. These include 3mc, TFC, Complete FS, Brightstar and AToM.

The packagers have access to a new residential cashback range, with offers a 0.1 per cent reduction on the standard pricing. However this deal only offers £500 cashback.

The Mortgage Lender is also offering a new £1,000 cashback deal to partners who have a club or network agreement with them.

The Mortgage Lender deputy chief executive Peter Beaumont says: “The reduction in rates boosts our competitive position.”

The Mortgage Lender caters for a wide range of borrowers including employed, self-employed, those with impaired credit, lending into retirement as well as buy-to-let investors.


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