Impact Specialist Finance has been selected as one of the few packagers to distribute MT Finance’s new BTL mortgage range.
The new products offer loans between £25,001 and £2m at up to 80% LTV for a range of borrowers, including first-time buyers, limited companies and expat clients.
The five-year fixed-rate options are priced from 4.99%, and include a 125% ICR.
MT Finance’s new BTL range is available for various properties, such as holiday lets, ex-local authority properties, and HMO and MUFBs with up to 10 bedrooms/units.
The suite is only accessible through a select group of packagers, which includes Impact Specialist Finance.
Marylen Edwards, head of BTL lending at MT Finance (pictured above), said: "We launched into the BTL market with the intention to cover areas of criteria where we feel there was a niche amongst our peers — for example, our 125% ICR across the board allows more flexibility on borrowing for clients.
"We are also able to review cases as they are submitted; in a market where there is some strain on SLAs, we have just offered on a case seven working days after submission of the application.”
Dale Jannels, managing director at Impact Specialist Finance, commented: “Despite the challenging economic outlook, it’s great to see lenders, such as MT Finance, provide yet more choice for brokers and their property investor clients.
“Our relationship with MT Finance spans many years, so we are delighted to have been chosen as one of the initial band of businesses to launch their BTL proposition to market.”
