TML launches shared ownership proposition

The Mortgage Lender has launched a shared ownership proposition within its residential range, providing further options for mortgage brokers and their clients.

The launch includes both two and five-year products up to 95% of the share being purchased and will be available on properties with an EPC rate of A-C, through an approved housing association and other registered scheme providers.

The launch follows the recent introduction of 90% LTV products to TML’s residential range, with an aim of supporting more potential homeowners with smaller deposits get a footing on the housing ladder.

Chris Kirby, head of sales at TML, commented: “I’m pleased to be able to offer a shared ownership proposition that will help to better support brokers and their clients. Our proposition will provide a greater range of possibilities for customers with smaller deposits, be that by optimising affordability based on how we assess self-employed and complex incomes or by taking a more pragmatic approach to past credit issues.

“As with our 90% LTV residential products, by introducing a shared ownership range available to properties with an EPC rating of A-C, we are providing a further option to those looking for lower emitting, more energy efficient and cheaper to run properties.”