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TML revamps product range

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The Mortgage Lender has revamped some of its product range following market feedback.

The lender will also no longer cascade based on credit score. This means brokers get certainty on the rates on offer upfront.

TML is also increasing its maximum LTV for first-time buyers from 80 to 85 per cent.

The lender is also increasing its maximum loan amounts at certain LTVs and improving its new build proposition.

New build offers will now be valid for six months, subject to valuation/reinspection.

There is also a maximum 5 per cent builder-gifted deposit/incentive allowed up to a maximum LTV of 85 per cent.

TML deputy chief executive Peter Beaumont says: “Our purpose is to lend and intermediaries have told us there are a number of areas where we can make it easier for them to work with us.

“The new range is clear and concise, delivering what intermediaries asked for.”

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