The Mortgage Lender reduces buy-to-let rates

The Mortgage Lender (TML) has announced several rate cuts across its buy-to-let product range.

The rate reductions apply to a number of two and five-year fixed rate products, including its standard, HMO/MUB, fee-saver and multi loan products with rates now starting from 4.39% for standard properties and 4.59% for HMO and multi-unit blocks (MUB).

The lender has reduced pricing on its five-year 75% LTV fixed rate fee-saver product for purchase and remortgage by 20bps, now available at 5.86%. The rate for HMO and MUB has been reduced by 10bps, now standing at 6.19%.

TML’s portfolio multi loan range products have also seen a rate reduction. This includes the multi loan range with a 2% fee, with the five-year fixed rate products up to 75% LTV seeing a decrease of 15bps on standard properties and 10bps drop on HMO/MUB properties.

David Eaves, head of sales at The Mortgage Lender, commented: “As we start the new year, we’re pleased to announce a number of rate reductions across our buy-to-let range, supporting landlords with more options when it comes to reviewing their properties and portfolios.

"We strive to offer a diverse range of competitive products to our broker partners and their clients, so they have as wide a choice as possible when it comes to determining which products best suit their lending circumstances.

"As the year progresses, we'll continue to review our offerings for both buy-to-let and residential mortgages to ensure we continue to offer solutions and the best products we can for brokers and their customers.”