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The Mortgage Lender launch to the Intermediary market today and Complete FS are pleased
to add them to our panel. The specialist area they lend are impaired credit, the self employed and lending into retirement. |
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| Rates start as low as 2.18% with products offering 2 year tracker, 2 year and 5 year fixed rates.
The maximum loan to value is 85%. |
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| We've listed some of the advantages of dealing with The Mortgage Lender Limited (TML). |
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| Simple affordability approach |
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A simple and effective approach to assessing applicant affordability |
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Most of the demographic data used to assess affordability is electronically obtained |
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The affordability model enables the lender to assess current and future affordability |
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| Flexible approach to income |
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Income multiples up to 4.5 x single, 4 x joint |
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Personal / occupational pension income can be considered as the sole source of income (minimum gross income for one person is £15,000 per annum) |
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100% of second incomes can be considered |
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TML accept maintenance payments as a form of income, as long as there is a court order and a minimum remaining term of 5 years |
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Will consider 100% of basic salary, car allowance, and pension |
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| Wide range of property considered |
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Minimum property value £70,000, minimum £150,000 in London & South East |
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Ex local authority properties acceptable up to 75% LTV
(properties within buildings of max 5 floors) |
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Properties with up to 3 acres of land considered |
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Also lend in mainland Scotland (subject to some postcode exclusions) |
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| Wide range of property considered |
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£1 million up to a maximum 70% LTV |
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£800,000 up to a maximum 75% LTV |
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£600,000 up to a maximum 80% LTV |
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£400,000 up to a maximum 85% LTV |
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First time buyer maximum 80% LTV |
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