The Mortgage Lender has made changes to its buy-to-let fees and added new rates to its offering.

It has introduced a three-tier completion fee structure, including a zero-fee option, and unveiled new rates at 70% LTV for Houses in Multiple Occupation (HMO) and Multi-Unit Block (MUB) applicants.

The three tiers of completion fee, available to the whole of market, are fixed fees, a percentage fee or zero completion fee.

The fixed fees range from £1495 to £2495 for HMO/MUB applicants and £995 to £1995 for individual and Ltd company borrowers. The percentage fees range from 1.5% to 2% for individual, Ltd company and HMO/MUB borrowers.

The new five-year fixed rate for HMO/MUB applicants borrowing at 70% LTV with a £2495 completion fee is priced at 3.82%.

In addition, its new zero completion fee range starts with an initial rate of 3.89% for an individual borrower with a five-year fix at 70% LTV.

Peter Beaumont (pictured), The Mortgage Lender deputy chief executive, said: “Buy-to-let is a very competitive market and it’s important we give our introducers the widest choice possible to accommodate all types of borrower and their individual circumstances.

The changes in taxation have made the structure of buy-to-let portfolios more complicated and our new range ensures that however a landlord is funding their properties we’ve got options that can help them plan their borrowing in the most cost-effective way for them.”