The Mortgage Lender (TML) has announced further rate reductions across its BTL products, as well as reintroduced its BTL fee saver option.
The lender has cut rates by 10 bps for its five-year fixed 75% LTV products, and portfolio multi loan.
Following this, TML’s five-year 75% LTV fix with a 5% fee is now priced at 4.96%, while the portfolio multi loan’s five-year fixed 75% LTV product with a 2% fee has been reduced to 5.62%.
The firm has also lowered rates across a number of HMO/MUB products, including its five-year fix with a 2% fee, which is now priced at 5.81%.
In addition, TML has reintroduced its BTL fee saver product for purchases and remortgage, with rates starting from 6.06%.
This option comes with no application or completion fees, as well as one free standard valuation and £250 cashback for customers.
Steve Griffiths, chief commercial officer at TML, commented: “We’re pleased to be able to offer our brokers and their clients a further rate reduction.
“Affordability across the market has been improving for landlords with rates reducing and rents increasing, and we’re thrilled to be able to support professional landlords secure affordable rates that will enable them to both remortgage and make new purchases.”
