The Mortgage Lender (TML) will relaunch its residential and buy-to-let product ranges from tomorrow (Friday the 30th September).
TML made the decision last week to temporarily withdraw its residential and buy-to-let products due to the volatility in financial markets following a severe increase in interest rates and Chancellor Kwasi Kwarteng’s controversial ‘mini budget’.
The withdrawal decision was made in order to protect service levels following the rapid removal of products from a significant number of other lenders both in the specialist and high street markets.
Peter Beaumont (pictured), CEO at TML, said: “The market is currently subject to extreme volatility which is making things exceptionally difficult for both intermediaries and borrowers.
“Given the current dearth of products available we wanted to relaunch our buy-to-let and residential ranges back into the market as quickly as possible to support borrowers wherever possible.
“We have repriced our range for a market that is quite different to the market only a week ago.
“We remain fully committed to lending and we understand that the rapidly changing economic environment has created real uncertainty and worry. We will continue to monitor the situation closely and will remain agile in our response.”
