The Mortgage Lender reduces rates across buy-to-let product range

The Mortgage Lender has announced rate reductions across its five-year fixed rate buy-to-let product range.

Products in TML’s core range and HMO and multi unit range have seen rate reductions of up to 10bps.

A five-year fix at 75% LTV with a 5% fee will reduce from 5.76% to 5.66%, while HMOs have seen rates reduce from 5.96% to 5.86% for the same five-year fix at 75% LTV with a 5% fee.

Steve Griffiths, chief commercial officer at The Mortgage Lender commented: “With costs still high across the board, we understand that landlords and brokers are looking for the best options to suit their needs when purchasing a new buy-to-let property or remortgaging their current portfolio. We’re pleased to announce rate reductions across some of our buy-to-let product range to meet this demand.

“With many landlords preparing to remortgage in the next year, and others making the most of decreasing house price growth to expand their portfolios, we’re committed to offering competitive deals for landlords and our brokers partners, and ensuring they can fulfil their property ambitions.”