MT Finance has rolled out its buy-to-let (BTL) product across the market, in what the lender describes as the start of a ‘new chapter in its 15-year history’.
Having previously partnered with a select number of brokers, the BTL product has now been made available to all intermediaries across England and Wales.
Targeted at landlords and investors, features of the BTL proposition include interest cover ratio stress testing from 125%, minimum unit size of 28 square metres, lending to expats at up to 65% loan-to-value, residential and semi-commercial properties, holiday lets with assured shorthold tenancy income included and ex-local authority properties at up to 70% LTV.
Applications are accepted from trading companies, first-time buyers, first-time landlords and those with adverse credit.
MT Finance founding director Joshua Elash comments: “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.”
MT Finance head of lending BTL Marylen Edwards adds: “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.”
