The Mortgage Lender (TML) has made rate reductions to its 2- and 5-year fixed buy-to-let (BTL) products.
Effective from February 28th, TML’s Fee Saver Remortgage product has seen the biggest reduction of 0.40%.
Other reductions include a 0.20% decrease for its 5-year fixed 75% LTV in its buy-to-let core range, bringing the product’s lowest initial rate to 4.64%, and a 0.25% reduction for HMOs.
The 2-year fixed rate product has also decreased by 0.20%. Head of sales at TML, David Eaves, stated that the reduction reflects their focus on providing broker partners access to competitive mortgage deals to help clients achieve their property ambitions.
He added: “At a time of continued cost of living pressures and affordability challenges, we recognise all are looking for the best option available on the market to suit their circumstances.
“We’re pleased to announce that we’ve made further reductions across our BTL product range.
“By deciding to progress with this latest re-price, we highlight our aim to support our brokers and their clients’ in achieving their property ambitions and to lend for real life.”
