Axis Bank is entering the UK buy-to-let mortgage market for the first time and offering its products through specialist buy-to-let distributors only.
Andy Young, Chief Executive at TBMC, said:
“It is exciting to see Axis Bank entering the buy-to-let market, especially as the sector is growing and the demand from landlords is strong. Currently, competition between lenders is increasing, pushing rates down and there is a large number of excellent products available for mainstream buy-to-let applications.
“However, there is definitely still room for improvement in niche areas of the buy-to-let mortgage market such as for HMO properties, limited companies and Expat applicants. This is where Axis Bank will be a particularly useful addition to our lender panel with its specialist product range and a flexible approach to underwriting.”
Andrew Ferguson, Head of Buy-to-let Mortgages at Axis Bank, added:
“We are looking forward to launching our buy-to-let mortgage proposition in the UK where the sector is in robust shape and developing all the time. We have chosen TBMC as one of our key buy-to-let distributors because of its wealth of knowledge and experience in this specialist area of the mortgage market.”
