Who are GML mortgages?

GML Mortgages is an intermediary-only lender. This means GML mortgages operate mainly through GML intermediaries and does not deal with customers directly but rather customers who want its products will have to get them through a mortgage broker. GML mortgages are also known as GML property finance.

GML mortgages is a specialist buy to let mortgage lender and their buy to let mortgages are provided by the Coventry building society

GML mortgages offer a host of variable rate and fixed-rate mortgages which may be suitable to you based on your financial needs and current situation.

With a dedicated sales team and award-winning lending service, GML mortgages (GML intermediaries) prides itself on fast response time, competitive rates and high-quality customer service.

What types of mortgages can I get with GML Mortgages?

Buy to let Fixed rate mortgages: With these mortgages, the rates are fixed for a period of 2, 3 or 5 years and provides you certainty over your GML mortgage for that time frame.

Buy to let Variable rate mortgages: You can access a host of variable mortgages through GML mortgages and this mortgages will have a variable rate which can be increased or decreased at any time by GML mortgages.

Tracker mortgages: You can access a host of tracker mortgages from GML mortgages. These mortgages will usually track the bank of England’s rate and will move in line with it although it may not be the exact rate but rather a rate which will increase by the same point or increase by the same point as the bank of England rate.

Remortgages: You can access a host of remortgages on any of GML mortgages products.

Standard Buy to let mortgages: GML mortgages also offer a host of buy to let mortgages for buy to let investors.

You may be able to access mortgages on GML mortgages with up to 95% Loan to value (LTV).

GML mortgages may also allow you to make overpayments on your mortgage but there may be a fee for doing so and a limit on how much you can overpay your mortgage each year.

GML mortgages are known for being acceptable to the below:

Trading & SPV Ltd Co’s ✔ HMOs – up to 8 beds

✔ Portfolio landlords ✔ Multi-unit properties – up to 10 flats

✔ First-time landlords ✔ High-rise flats

✔ Ex-pats ✔ New build properties

✔ No minimum income required ✔ Ex-Local Authority prop

Eligibility for GML Mortgages

  • No minimum income requirements
  • Up to 75% LTV (subject to product availability)
  • Loan amounts up to £1million
  • Proc fees of 0.3% for product transfer
  • Support for portfolio landlords with a clear and straightforward Interest Coverage Ratio
  • Flexx for Term and Flexx Fixed products with no ERCs.

If you are considering getting a mortgage then using a mortgage broker may be a good choice as mortgage brokers usually have access to many more products than any specific mortgage lender.

Mortgage brokers will also usually have access to specific deals from mortgage lenders as well as experience on which mortgage lenders will be more likely to accept your case. This will help you avoid getting rejected on a mortgage application and having to build credit due to the damage a rejection might do to your credit score.

In this brief guide, we discussed GML mortgages. If you have any questions or comments please let us know.

If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.

You can also contact the debt charity “Step Change” if you are in debt and need help.


John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.