"We strive to offer a diverse range of competitive products to our broker partners and their clients, so they have as wide a choice as possible when it comes to determining which products best suit their lending circumstances"
- David Eaves - The Mortgage Lender
The Mortgage Lender has announced several rate cuts across its buy-to-let product range, which it says provides further options and solutions for landlords to start the year.
The changes include cuts to its Standard, HMO/MUB, Fee Saver, and multi-loan products with rates now starting from 4.39% for standard properties and 4.59% for HMO and MUB.
The lender has reduced pricing on its 5-year 75% LTV Fixed Rate Fee Saver product for purchases and remortgages by 20bps. The standard rate now stands at 5.86%. The rate for HMO and Multi-Unit blocks has been reduced by 10bps, now standing at 6.19%
TML’s Portfolio Multi Loan range products have also seen a rate reduction. This includes the Multi Loan range with a 2% fee, with the 5-year fixed rate products up to 75% LTV seeing a decrease of 15bps on standard properties and 10bps drop on HMO/MUB properties.
“As we start the new year, we’re pleased to announce a number of rate reductions across our BTL range, supporting landlords with more options when it comes to reviewing their properties and portfolios," said David Eaves, head of sales at The Mortgage Lender.
He added, "We strive to offer a diverse range of competitive products to our broker partners and their clients, so they have as wide a choice as possible when it comes to determining which products best suit their lending circumstances. As the year progresses, we'll continue to review our offerings for both buy-to-let and residential mortgages to ensure we continue to offer solutions and the best products we can for brokers and their customers.”
