The Mortgage Lender cuts buy-to-let rates by up to 0.40%
The lender's fee saver remortgage product has been reduced by 0.40%.
"We’re pleased to announce that we’ve made further reductions across our buy-to-let product range."
The Mortgage Lender has announced rate reductions across its two and five-year fixed buy-to-let product ranges.
Most notable in the lender’s most recent re-price is its fee saver remortgage product, which has been reduced by 0.40%.
TML’s reduction also includes a 0.20% decrease for a five-year fix at 75% LTV in its core range, bringing the product with a 5% fee down to its lowest initial rate of 4.64%.
HMOs have seen a 0.25% reduction and its two-year fixed rate product has also decreased by 0.20%.
David Eaves, head of sales at The Mortgage Lender, commented: “At a time of continued cost of living pressures and affordability challenges, we recognise all are looking for the best option available on the market to suit their circumstances. We’re pleased to announce that we’ve made further reductions across our buy-to-let product range.
“We continue to focus on providing our broker partners access to competitive mortgage deals and the ability to offer their clients appealing products. By deciding to progress with this latest re-price, we highlight our aim to support our brokers and their clients’ in achieving their property ambitions and to lend for real life.”
