The Mortgage Lender (TML) has reduced selected rates by up to 20bps on its buy-to-let product range.
These rate cuts apply to both two- and five-year fixes on its standard, HMO/MUB, fee saver and multi-loan products.
Rates now start from 4.39% for standard properties and 4.59% for HMOs and multi-unit blocks.
On its five-year fixed rate ‘fee saver’ product rates have been cut by up to 20bps for standard properties and 10bps for HMOs and MUBs. This gives a rate of 5.68% on standard properties. For HMOs/MUBs rates now start at d 6.19%.
TML has also reduce rates on its portfolio multi-loan range products. This include its five-year fixed rate products on its multi-loan range. For standard properties these have been decreased by 15bps at 75% LTV (with a 2% fee). For HMO/ MUB properties the decrease is 10bps.
TML head of sales David Eaves says: “We strive to offer a diverse range of competitive products to our broker partners and their clients, so they have as wide a choice as possible when it comes to determining which products best suit their lending circumstances.
“As the year progresses, we’ll continue to review our offerings for both BTL and residential mortgages.”
