The Mortgage Lender has announced a number of rate reductions across its buy-to-let and residential product ranges, in addition to expanding the accessibility of its BTL Limited Edition products.
The lender has made several price reductions across its BTL range. This includes a number of 5-year fixed-rate standard products, reducing by 5 basis points (bps), its 5-year fixed-rate HMO reduced by 10bps, and the 5-year fixed-rate fee saver HMO reduced by 15bps.
In addition to this, TML has widened the distribution access on its 5-year 75% LTV Limited Edition Multi-Loan product, with it now being available to all mortgage brokers.
The lender has also made a number of rate reductions of up to 25bps to its residential range, these include changes to the following products:
2 and 5-year real-life core range for purchase only with cashback and free valuation incentives, or for remortgage with cashback and free valuation incentives. 2-year and 5-year 90% LTV with £0 completion fee & free valuation.
Furthermore, TML has also removed valuation fees on all core products up to 75% LTV (these will remain on the Large Loan range).
“As a lender committed to the intermediary market, and helping to provide brokers with solutions for their customers, we're pleased to announce a number of rate reductions across our BTL and Residential ranges," said Chris Kirby, Head of Sales at The Mortgage Lender, "We continuously monitor our product ranges and propositions, aiming to provide valuable options and opportunities for our broker partners to offer to landlords, homeowners and first-time buyers alike.
"Our latest rate reductions, alongside removing valuation fees on a number of products and widening the distribution of our BTL Multi Loan products, will deliver more choice and flexibility to the market for brokers."
