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The Mortgage Lender increases LTV for capital-raising landlords

The Mortgage Lender has increased its loan-to-value (LTV) for capital-raising landlords from 65% to 75% on all remortgage products.

The rise means there are no limits on the amount of capital a landlord is able to raise in England, Scotland and Wales through a remortgage up to 75% LTV.

Available across its core product range, rates for a five-year fix start at 3.49% and its two-year fixed rate products start at 3.13%.


Steve Griffiths, sales director of The Mortgage Lender, says these recent enhancements have allowed the team to increase capacity to support brokers and their buy-to-let clients throughout the pandemic.

He adds: “Whether capital raising is for business investment, to buy a new property, improve an existing property or refinancing, it’s important we have the right combination of criteria and rates to support landlords’ plans. Increasing the capital raising loan-to-value to 75% demonstrates our ability to react to market conditions and is the right decision for us, brokers and landlords right now.”

Doug Hall, 3mc director, comments: “It’s encouraging to see The Mortgage Lender responding to this competitive segment of the market by increasing its capital raising loan-to-value.”

“They are also very good at assessing borrowers on an individual basis rather than having a broad-brush approach to criteria and underwriting, which is vitally important as we navigate our way through the impact of the last six months on landlords.”

The Mortgage Lender has continued buy-to-let lending throughout the pandemic, introducing desktop valuations in April when physical valuations weren’t possible.


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