The Mortgage lender cuts rates across buy-to-let range

The Mortgage Lender (TML) has reduced rates across its five-year fixed rate buy-to-let products.

TML's rates will now begin at 4.71% for standard properties, down from 4.86%. There have also been reductions on the portfolio multi loan products, now starting from 5.37%, as well as further reductions on the expat, holiday let and short term let product ranges. 

The lender has also lowered rates on a number of five-year fixed rate products available for HMOs and multi-unit blocks, with rates now starting from 4.96%. These reductions of up to 10bps also apply to the portfolio multi loan and expat products. 

Steve Griffiths, chief commercial officer at The Mortgage Lender, commented: “We are pleased to once again announce a significant number of rate reductions across our buy-to-let product ranges. These reductions, in addition to the recent re-introduction of our popular fee saver products, provide further options for brokers and their landlord customers looking for solutions that meet their borrowing requirements. 

“We're committed to providing as much value as we can to our broker partners and their customers, so will continue to review our products to ensure we provide landlords, as well as residential customers, with value in an ever-evolving market.”