Shawbrook and The Mortgage Lender (TML) have made a series of enhancements across their BTL offering, including a new limited-edition product launch and rate reductions across selected products.
The changes are designed to provide brokers and landlords with greater flexibility, more competitive pricing and additional options.
TML has launched a new limited-edition five-year fixed rate product, with rates starting from 4.74%. The products are available with both 2% and 5% completion fee options and include a free valuation.
Several rate reductions have been made across both Shawbrook and TML BTL products. TML has reduced rates by up to 15 basis points across selected two-year and five-year fixed products, with five-year fixed HMO rates now starting from 5.06%.
Across Shawbrook’s Specialist BTL proposition, selected products have been reduced by up to 25 bps. Rates for single lets between £150,000 and £2.5m now start from 4.84%, while rates for HMO and MUFB products (of up to 10 units) now start from 4.89%.
TML has also introduced enhancements across its multi-loan offering, alongside the removal of the £150 application fee across all ex-pat products.
Daryl Norkett, director of real estate proposition at Shawbrook, said: “We know brokers and landlords continue to look for flexibility, competitive pricing and specialist support as the BTL market evolves.
“These latest enhancements across both the Shawbrook and TML BTL propositions are designed to provide brokers with more opportunities to support their landlord clients, whether through lower pricing, greater product flexibility or broader accessibility across specialist lending scenarios.
“As a specialist lender, we remain focused on delivering practical solutions that help brokers place cases with confidence and support landlords as they grow and manage their portfolios.”
