Shawbrook and TML enhance buy-to-let propositions with new and reduced rates

Shawbrook and The Mortgage Lender (TML) have announced a series of enhancements across their buy-to-let propositions, including a new limited-edition product launch and rate reductions across selected products within both ranges.

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 buy-to-let products. TML has reduced rates by up to 15bps across selected two and five-year fixed products, with five-year fixed HMO rates now starting from 5.06%.

Across Shawbrook’s specialist buy-to-let proposition, selected products have been reduced by up to 25bps. Rates for single lets between £150,000 and £2.5m now start from 4.84%, while rates for HMO and MUFB products (up to 10 units) start from 4.89%.

TML has also introduced enhancements across its multi-loan offering, alongside the removal of the £150 application fee across all expat 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 buy-to-let market evolves.

"These latest enhancements across both the Shawbrook and TML buy-to-let 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.”