The Mortgage Lender (TML) has made rate reductions on a number of its fixed rate BTL products.
The lender will reduce their two-year fixed rate products up to 20bps, with standard properties starting at 4.49% down from 4.69% and HMO/MUB properties starting at 4.69%, down from 4.89%.
Meanwhile, selected five-year fixed rate fee-charging products will see reductions of 5bps, with standard properties starting at 4.66% and HMO/MUB properties starting at 4.91%.
TML’s five-year fixed rate for the fee saver product will be reduced by 10bps, starting at 5.86%, down from 5.96%, for standard properties, and 6.09%, down from 6.19%, for HMO/MUB properties.
Steve Griffiths, CCO at TML comments: “We are pleased to announce a further series of reductions across our BTL range.
“We’re dedicated to supporting customers whose needs may not be met by mainstream lenders, and we will continue to review and adjust our offering based on the realities of the evolving landscape.”
