The Mortgage Lender has made rate reductions across its two and five-year fixed buy-to-let product ranges.

This includes its Fee Saver Remortgage product, which has been reduced by 0.40 percentage points.

TML’s reduction includes a 0.20 percentage points decrease for its five-year fixed 75% LTV in its buy-to-let core range, bringing its product with a 5% fee down to their lowest initial rate of 4.64%.

HMOs have seen a 0.25 percentage points reduction and its two-year fixed rate product has also decreased by 0.20 percentage points.

David Eaves (pictured), head of sales at The Mortgage Lender, said: “At a time of continued cost of living pressures and affordability challenges, we recognise all are looking for the best option available on the market to suit their circumstances. We’re pleased to announce that we’ve made further reductions across our buy-to-let product range.

“We continue to focus on providing our broker partners access to competitive mortgage deals and the ability to offer their clients appealing products. By deciding to progress with this latest re-price, we highlight our aim to support our brokers and their clients’ in achieving their property ambitions and to lend for real life.”