Impact Specialist Finance has launched a new buy-to-let (BTL) mortgage range through MT Finance.

The range will only be available through a select group of packagers, which includes Impact Specialist Finance.

MT Finance’s products include a 125% income coverage ratio available to first-time buyers and also allow up to 4 applicants.

The products are available up to 80% LTV with five-year fixed rates starting at 4.99%, with ndividuals, corporate borrowers including limited companies, as well as expat borrowers accepted. HMOs and MUFBs are allowed up to 10 bedrooms or units, and the range also accepts holiday lets and ex local authority properties.

“Despite the challenging economic outlook, it’s great to see lenders such as MT Finance provide yet more choice for brokers and their property investor clients,” said managing director at Impact Specialist Finance, Dale Jannels. “Our relationship with MT Finance spans many years and so we are delighted to have been chosen as one of the initial band of businesses to launch their buy-to-let proposition to market.”

Head of BTL lending at MT Finance, Marylen Edwards, added: "MT Finance has launched into the BTL market with the intention to cover areas of criteria where we feel there was a niche amongst our peers. For example, our 125% income ratio cover across the board allows more flexibility on borrowing for clients.

"We are also able to review cases as they are submitted. In a market where there is some strain on SLAs, we have just offered on a case seven working days after submission of the application.”

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