Exclusive BTL pilot launched for Axis Bank

The lender, one of the biggest private banks in India, will target experienced landlords with a standard and specialist range.

Mortgages for Business has announced its exclusive three-week pilot for the new buy to let lender, intended to ensure that Axis delivers a positive experience for brokers. The pilot will run until 27th April when the Bank opens its doors to lending via a restricted panel of specialist intermediaries.

Rates start at 3.79% for a 2-year fixed rate to 75% LTV with a fee of 1.5%
 

Commenting on the pilot, Steve Olejnik, sales director at specialist broker Mortgages for Business said:

“We’ve been working closely with Axis in the run up to launch and I must say I’m very impressed with its new online submission platform. It’s easy to use and should help to make application processing pretty smooth. In addition to standard buy to lets, it has been designed to handle more complex propositions including limited companies and HMOs.”

“The decision-making process will be quick and pragmatic too with all cases being assessed and negotiated individually. I think that brokers are going to be impressed with the attention to detail and level of customer service.”