The Mortgage Lender (TML) has reduced rates across its BTL and residential product ranges, in addition to expanding the accessibility of its BTL limited edition products.
The BTL product changes include several of the lender’s five-year fixed rate standard products reducing by five bps, its five-year fixed rate HMO falling by 10bps, and the five-year fixed rate fee saver HMO decreasing by 15bps.
In addition to this, TML has widened the distribution access on its five-year 75% LTV limited edition multi-loan product, with it now being available to all mortgage brokers.
The lender has also removed valuation fees on all core products up to 75% LTV (these will remain on the large loan range).
Chris Kirby, head of sales at TML, commented: “As a lender committed to the intermediary market, and helping to provide brokers with solutions for their customers, we're pleased to announce a number of rate reductions across our BTL and residential ranges.
“We continuously monitor our product ranges and propositions, aiming to provide valuable options and opportunities for our broker partners to offer to landlords, homeowners and first-time buyers alike.
“Our latest rate reductions, alongside removing valuation fees on a number of products and widening the distribution of our BTL multi loan products, will deliver more choice and flexibility to the market for brokers.”
