Shawbrook and The Mortgage Lender have made a series of changes to their buy-to-let ranges, including a new limited-edition product from TML and rate reductions across selected products.

The Mortgage Lender, which is powered by Shawbrook, has launched a limited-edition five-year fixed rate product, with rates starting from 4.74%.

The products are available with 2% and 5% completion fee options and include a free valuation.

TML has also reduced rates by up to 15bps across selected two-year and five-year fixed products, with five-year fixed HMO rates now starting from 5.06%.

Shawbrook has cut selected products across its specialist buy-to-let proposition by up to 25bps.

Rates for single lets between £150,000 and £2.5m now start from 4.84%, while rates for HMO and MUFB products of up to 10 units now start from 4.89%.

TML has also made changes to its Multi-Loan offering and removed the £150 application fee across all expat products.

The lenders said the updates were intended to give brokers and landlords more flexibility across specialist buy-to-let cases, including different property types, portfolio strategies and client requirements.

Daryl Norkett, director of real estate proposition at Shawbrook, said: “We know brokers and landlords continue to look for flexibility, competitive pricing and specialist support as the buy-to-let market evolves.

“These latest enhancements across both the Shawbrook and TML buy-to-let propositions are designed to provide brokers with more opportunities to support their landlord clients, whether through lower pricing, greater product flexibility or broader accessibility across specialist lending scenarios.

“As a specialist lender, we remain focused on delivering practical solutions that help brokers place cases with confidence and support landlords as they grow and manage their portfolios.”