Rates were slashed by up to 40 basis points
The Mortgage Lender (TML) has reduced rates across its two- and five-year fixed buy-to-let product ranges, including its fee saver remortgage product, which has been slashed by 0.40%.
TML’s reprice also includes a 0.20% decrease for its 75% loan-to-value five-year fixed in its BTL core range, bringing its product with a 5% fee down to its lowest initial rate of 4.64%.
Houses in multiple occupation have seen a 0.25% reduction, while the lender’s two-year fixed rate has also decreased by 0.20%.
Full details of TML’s BTL product range and criteria are available online through its website.
“At a time of continued cost-of-living pressures and affordability challenges, we recognise all are looking for the best option available on the market to suit their circumstances,” David Eaves (pictured), head of sales at The Mortgage Lender, commented. “We’re pleased to announce that we’ve made further reductions across our BTL product range.
“We continue to focus on providing our broker partners access to competitive mortgage deals and the ability to offer their clients appealing products. By deciding to progress with this latest re-price, we highlight our aim to support our brokers and their clients in achieving their property ambitions and to lend for real life.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter.
