TML has announced a market update, see below. The TML range of products are available through our direct to lender mortgage club and our fees free packager. Contact us to see how you can benefit from our club or packaged support.
View their latest product and criteria here.
Announcement
Notification of forthcoming BTL Product Changes
With effect from Friday, 24th June, we will be making a number of product changes and withdrawals across our Buy to Let product range. Full details are in the attached excel file, an updated product guide will be issued as soon as available.
The last date for applications to receive current/old pricing is close of business Thursday, 23rd June.
Summary of the key changes as below:
- Increase rate on 5-Year 75% LTV Fee Assisted & Cashback range by 45bps (4.44% standard, 4.55% HMO)
- Increase rate on 5-Year 80% LTV Fee Assisted & Cashback range by 25bps (4.99% standard)
- Increase rate on 5-Year 75% LTV 1.50% & 2.50% Fee products by 25bps (3.94% and 3.74% respectively)
- Increase rate on 5-Year 70% High £ Fee product by 24bps (3.89%)
- Increase rate on 5-Year 75% High £ Fee product by 25bps (3.99%)
- Increase rate on 5-Year 70% & 75% Standard & Multi Loan ranges by 25bps (3.99% and 4.09% for 70/75% LTV respectively, standard properties, 4.09% and 4.19% for HMO/MUB)
Product withdrawals:
- 5-Year 75% LTV Non-Portfolio Remortgage-only
- 2-Year and 5-Year 70%, 75% and 80% ‘High % Feet’ range
- 2-Year and 5-Year 70%, 75% and 80% ‘High Fee Alt’ range
- 2-Year and 5-Year 70%, 75% and 80% £1,995 completion fee range
- 5-Year 75% Mini MUB product