news | 11 months ago | Andreea Dulgheru

MT Finance rolls out BTL proposition to wider broker market

MT Finance has officially launched its BTL proposition to all intermediaries across England and Wales.


The specialist lender launched the product range in summer last year, which was available only through a select number of brokers.

The suite includes a number of options for standard residential, semi-commercial and HMO/MUFBs, with applications accepted from individual borrowers, trading companies, first-time buyers, first-time landlords and those with adverse credit.

The interest rate cover ration (ICR) stress testing starts from 125%.

The standard residential products offers loans from £25,001 at up to 80% LTV, for units of minimum 28 square metres — holiday lets are also considered.

The range comprises two- and five-year fixed-rate options — the two-year fixes are priced at 4.80% with a 5% fee, or 6.19% with a 2% fee.

Meanwhile the five-year fixed-rate options are offered at:

  • 5.45% with a 5% fee
  • 5.99% with a 2% fee at maximum 75% LTV
  • 6.15% with a 2% fee at maximum 80% LTV

The HMO and MUFB product ranges offer loans up to £1.5m (subject to LTV limits), with multiple options for small HMOs (up to six bedrooms), large HMOs (between six and 10 bedrooms), small MUFBs (up to four units) and large MUFBs (between four and 10 units).

The semi-commercial BTL suite comprises two five-year fixed-rate options at 75% LTV, priced at 5.75% with a 5% fee, and 6.30% with a 2% fee.

The BTL roll out ties in with the re-launch of MT Finance’s refreshed website which has been designed to facilitate a seamless journey for users.

Joshua Elash, founding director at MT Finance, said: “We are excited to roll out our BTL proposition to the wider intermediary market, enabling us to continue developing our core objective of being an ESG-focused, multi-solution, financial institution. 

“Brokers know they can rely on us, as we have an extensive track record of delivering certainty of funding efficiently and in this market, where volatility is all too common, that is more important than ever.”

Marylen Edwards, head of lending for BTL at MT Finance (pictured above), added: “I am thrilled to be part of this proposition which combines so much expert knowledge within our team and which sets it apart from others in the market. 

“Brokers are central to our business and we work hard to meet their expectations; we are determined to be known for being clear and transparent, offering an excellent service and being able to give a ‘yes’ or ‘no’ without prolonging the process unnecessarily.

“These are tough times for landlords, but the BTL market has proven to be resilient and we believe our proposition will assist brokers looking for alternative options for their clients.”

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