The Mortgage Lender (TML) has cut rates across its five-year fixed product range as of 13th September.
This includes TML’s BTL core range as well as its HMO and multi-unit range, with rate reductions of up to 10bps.
TML’s five-year fixed, 75% LTV product with a 5% fee will reduce from 5.76% to 5.66%, while HMOs have seen rates reduce from 5.96% to 5.86% for the same product.
Steve Griffiths, CCO at TML, commented: “With costs still high across the board, we understand that landlords and brokers are looking for the best options to suit their needs when purchasing a new BTL property or re-mortgaging their current portfolio.
“We’re pleased to announce rate reductions across some of our BTL product range to meet this demand.
“With many landlords preparing to re-mortgage in the next year — and others making the most of decreasing house price growth to expand their portfolios — we’re committed to offering competitive deals for landlords and our broker’s partners, and ensuring they can fulfil their property ambitions.”
