The Mortgage Lender has introduced two new buy-to-let products.

The lender’s new products include a standard two-year fix, with an initial rate of 4.69% with a 5% completion fee, and an HMO/MUB two-year fixed product with an initial rate of 6.19% and 3% completion fee.

In addition, the specialist lender has reduced pricing on four of its buy-to-let five-year fixed standard and standard HMO products.

On the lender’s 75% LTV five-year fixed standard/HMO products, rates have reduced by up to 15bps, with completion fees of 5%, 3%, 2% and a flat fee of £2,495.

The new product launches and the rate reductions aim to provide brokers with more choice to offer their clients, which include experienced individual buy-to-let landlords, portfolio landlords, and HMO buy-to-let property investors, whether they are purchasing or remortgaging properties in their portfolios.

Steve Griffiths (pictured), chief commercial officer at The Mortgage Lender, said: “In an increasingly competitive market, with affordability challenges still prevalent, we recognise that brokers and landlords are still seeking the best rates possible for their properties and portfolios.

“We’re pleased to not only introduce new products to the market, but also offer rate reductions on a number of our buy-to-let products, giving brokers more choice for their customer base.”