Axis Bank is set to open its doors to mortgage intermediaries with a range of buy-to-let products at the end of April.
Following a three-week pilot, Axis will launch officially on 27th April to a restricted panel of specialist intermediaries initially.
■ It will target experienced landlords with both a standard and specialist range of B2L mortgages.
■ Key features
■ Rates start at 3.79% for a 2-year fixed rate to 75% LTV with a fee of 1.5%
■ No minimum income requirements
■ Unlimited number of mortgaged properties with other lenders
■ Loans up to £1m
■ Lending to limited companies and expat landlords
■ HMOs up to six beds
■ Multi-unit freeholds up to five units
Adviser view
Steve Olejnik, sales director at specialist broker Mortgages for Business, said: “We have been working closely with Axis in the run-up to launch and I am impressed with its new online submission platform.
“The decision-making process will be quick and pragmatic too with all cases being assessed and negotiated individually. I think that brokers will be impressed with the attention to detail and level of customer service.”
