TML and Bluestone reduce residential mortgage rates by up to 0.25%

The Mortgage Lender (TML) and Bluestone Mortgages have announced a series of residential mortgage rate reductions, with selected rates reduced by up to 25bps.

TML has reduced selected rates across its residential mortgage range by up to 0.25% across selected two and five-year fixed products. 

Selected two-year fixed rates are reducing by up to 25bps and five-year fixed rates are down by up to 15bps. Rates now start from 5.69% for a RL0 75% LTV two-year fixed product. 

Bluestone Mortgages has reduced selected five-year fixed residential mortgage rates by up to 15bps across selected products, with rates starting from 6.04%.

Louise Apollonio, sales and distribution director at Shawbrook, commented: "Brokers are supporting customers with a wide range of circumstances, so having access to choice across the specialist residential market remains important.

"These targeted reductions across TML and Bluestone Mortgages are designed to strengthen the options available and help brokers find suitable solutions for their clients."