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.

Recommended

landlord, BTL, words

The Mortgage Lender extends its BTL offering

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 […]

Paper-People-Cardboard-Cutout-700.jpg

The Mortgage Lender signs Intrinsic to distribution panel

The Mortgage Lender has signed network Intrinsic to its distribution panel. The Intrinsic network was established in 2006 and has more than 3,300 advisers. Intrinsic commercial director Adam Smith says: “It is an exciting opportunity for the network and our advisers and we are pleased to be providing Intrinsic intermediaries with direct access to their […]

Money

The Mortgage Lender signs Thistle Finance

The Mortgage Lender has added Edinburgh-based master broker Thistle Finance to its distribution network. Thistle Finance specialises in packaging complex residential mortgages, second charge loans, bridging, commercial and development finance. The Mortgage Lender sales and marketing director Pete Thomson says: “It’s great to announce that our distribution network is growing and welcome Thistle Finance on-board.”  […]

Mark-Carney-BoE-700x450.jpg
2

Interest rates predicted to rise in early 2020s

On 2 August 2018, the Bank Of England raised interest rates from 0.5 per cent to 0.75 per cent. The previous base rate rise was in November 2017, from 0.25 per cent to 0.5 per cent, which was the first raise for more than a decade. Mark Carney, governor of the Bank of England, said in August […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]

Newsletter

News and expert analysis straight to your inbox

Sign up