The Mortgage Lender (TML) has updated its BTL range, slashing rates and introducing a new cashback incentive for landlords.
TML has repriced its two- and five-year standard BTL products, with rate reductions of up to 0.15% across its core range.
As part of the update, TML will withdraw the two-year £3,495 fee product and reintroduce the two-year £2,495 fee product.
To further support portfolio and HMO landlords, all five-year fixed HMO products will now include a £500 cashback — available for a limited time.
Steve Griffiths, commercial director for retail mortgages at Shawbrook, said: “Landlords continue to adapt to a changing market, and we’re focused on making sure our range evolves with them.
“By reducing rates and enhancing incentives, we’re giving brokers more tools to support clients who are refinancing or looking to expand their portfolios.
“This latest update reflects our continued commitment to offering products that are both competitive and flexible.”
