The launch includes two- and five-year products up to 95% of the share value
The Mortgage Lender (TML) has expanded its residential mortgage range by introducing a shared ownership proposition.
The new option allows mortgage brokers to offer their clients both two- and five-year products for up to 95% of the share value of the property, which must also have an energy performance certificate (EPC) rating of ‘A’ to ‘C’ and be affiliated with an approved housing association or other registered scheme providers.
The move follows the recent addition of 90% loan-to-value products to TML’s portfolio, aimed at assisting prospective homeowners with smaller deposits to enter the housing market.
Chris Kirby (pictured), head of sales at The Mortgage Lender, said the new shared ownership proposition aims to enhance the support available to brokers and their clients by also providing a greater range of possibilities for customers with smaller deposits.
“As with our 90% LTV residential products, by introducing a shared ownership range available to properties with an EPC rating of ‘A’ to ‘C’, we are providing a further option to those looking for lower emitting, more energy efficient and cheaper to run properties,” he added.
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