Shawbrook has announced a fresh round of rate cuts across its retail mortgage arm, reducing pricing on residential and buy-to-let products offered through The Mortgage Lender (TML) and Bluestone Mortgages.

TML’s residential fixed rates have been trimmed by up to 0.35%, covering both purchase and remortgage options. Following the changes, rates now begin at 5.49% for both two-year and five-year fixed terms.

For landlords, TML’s five-year fixed buy-to-let products have also been repriced. Rates for individuals and limited companies now start from 4.41% for products that carry a 5% completion fee.

Meanwhile, Bluestone Mortgages has lowered rates by up to 0.25% on its residential range, with pricing on purchase and remortgage deals now starting from 5.99%.

Steve Griffiths (pictured), commercial director for retail mortgages at Shawbrook, said: “We are pleased to announce a host of rate reductions across our retail mortgage brands in order to better support brokers and their clients.

“As a lender, we are keen to regularly review and improve our offerings to ensure that we are well placed to support brokers who may have clients with diverse circumstances.

“Looking ahead, we are eager to continue to deliver a competitive selection of products to support landlords, the self-employed and customers with complex income or credit profiles.”