The Mortgage Lender cuts buy-to-let rates and introduces new cashback incentive

The Mortgage Lender (TML) has announced a series of changes to its buy-to-let range, cutting rates and launching a new cashback incentive for landlords.

TML has reduced rates by up to 0.15% across its 2-year and 5-year standard buy-to-let products as part of what it described as its continued focus on supporting brokers and professional landlords with flexible, competitively priced solutions.

As part of the update, TML will withdraw its 2-year £3,495 fee product and reintroduce the 2-year £2,495 fee product, giving borrowers more choice when balancing upfront costs with long-term value.

To further support portfolio and HMO landlords, all 5-year fixed HMO products will now include a £500 cashback, available for a limited period.

Steve Griffiths, commercial director for retail mortgages at Shawbrook, said: “Landlords continue to adapt to a changing market, and we’re focused on making sure our range evolves with them.

“By reducing rates and enhancing incentives, we’re giving brokers more tools to support clients who are refinancing or looking to expand their portfolios.

“This latest update reflects our continued commitment to offering products that are both competitive and flexible.”

TML operates as part of Shawbrook’s specialist retail mortgages business, combining TML’s broker-only distribution with Shawbrook’s expertise in complex property finance.

Together, the group supports a wide range of borrowers, including those with complex income profiles and professional landlords with larger portfolios.

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