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Help to Buy is now live – 10/02/2021 TML are now offering HTB mortgages at up to 75% LTV with free valuation, and they consider any client in England and Wales - even the tricky ones like the self-employed, and those with impaired credit. The Mortgage Lender has expanded its recently launched residential range with the addition of Help to Buy in England and Wales. The products are available to the whole of market across Real Life categories one to six, have a maximum loan to value of 75 per cent, and include a free valuation. Initial rates, which are available for self-employed and complex income borrowers, start at 3.77 per cent for a two-year fix at 75 per cent loan to value and 4.20 per cent for a five-year fix at the same loan to value. The Help to Buy: Equity Loan scheme offers borrowers a Government funded deposit of up to 20 per cent for properties in England and Wales rising to 40 per cent in London. The deposit, or equity loan has no repayments for the first five years of the loan. The scheme is available to qualifying first time buyers of new build properties where the developer is a registered Help to Buy home builder. The Mortgage Lender sales and product director Steve Griffiths said: “After relaunching our residential range a couple of weeks ago brokers said what they really need right now is Help to Buy products for people who have impaired credit, complex income or are self-employed. “We’ve built a reputation as a lender that is able and willing to assess each borrower on their individual circumstances and that has never been more important than it is now given the impact the pandemic has had on people’s finances. “We’re delighted we’ve been able to act quickly and launch Help to Buy within weeks of returning to residential lending with our core product range.” |