TML cuts residential and buy-to-let rates by up to 0.90%

The Mortgage Lender has announced rate reductions across its residential and buy-to-let product ranges.

In its residential range, the specialist lender has reduced rates up to 0.66% across its core Real-Life (RL) range, including RL0, RL1, and RL2.

A RL1 two-year fixed rate 85% LTV product has reduced by 0.56% and its RL0 five-year fixed 85% LTV product has been cut by 0.65%. Rates in the lender’s core remortgage and purchase with incentive ranges have also been lowered.

TML’s buy-to-let range has also undergone a repricing, including a reduction of 0.25% for a five-year fix at 75% LTV in its core range, and by up to 0.90% for HMOs.

Its two-year Base Rate tracker product has also decreased by 0.67%.

Steve Griffiths, sales and product director at The Mortgage Lender, commented: “We’re pleased to announce reductions across the majority of our product ranges. At a time of increased cost of living, whether you are a homeowner, first time buyer or property investor, everyone is looking for the best option available on the market to suit their circumstances.

“We strive to provide our broker partners access to competitive mortgage deals and the ability to offer their clients attractive products with appealing incentives. The re-price highlights our aim to continue supporting our brokers and their clients’ property ambitions and to lend for real life.”