BTL applications increase in September

The firm also noted a significantly high volume of enquiries for Mortgage Express buy-to-let products.

Optoma’s new business manager, Chris Smith, said: “The Mortgage Express products are providing exactly what the market seems to want at the moment, a remortgage deal with no up-front fees, a low fixed rate which currently stands at 5.29 per cent and an arrangement fee that can be added above the maximum loan to value.

“Optoma has an on-site underwriter for Mortgage Express which can make the application process much easier, with realistic packaging deadlines and simple criteria.”