The Mortgage Lender cuts buy-to-let rates and adds new cashback incentive

The Mortgage Lender (TML) has announced a series of enhancements to its buy-to-let range, cutting rates and introducing a new cashback incentive for landlords.

TML has repriced its two and five-year standard buy-to-let products, with rate reductions of up to 0.15% across its core range. 

As part of the update, TML will withdraw its two-year £3,495 fee product and reintroduce a £2,495 fee product.

In addition, all five-year fixed HMO products will now include £500 cashback for a limited time.

Steve Griffiths (pictured), 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.”