The Mortgage Lender (TML) has introduced rate cuts across its buy-to-let product range, effective from today, Friday the 10th of January.
The reductions affect several 2-year and 5-year fixed rate products, including standard, house in multiple occupation (HMO) and multi-unit blocks (MUB), fee-saver, and multi loan offerings.
2-year fixed rates now start from 4.39% for standard properties and 4.59% for HMO and MUB products.
TML has also reduced pricing on its 5-year 75% loan-to-value (LTV) fixed rate fee-saver product for both purchases and remortgages by 0.20%.
The 5-year rate for HMOs and MUBs has been lowered by 0.10%, and is now at 6.19%.Â
The lender’s portfolio multi loan range products also saw a reduction.
This includes the multi loan range with a 2% fee, with 5-year fixed rate products up to 75% LTV seeing a decrease of 0.15% on standard properties.
