The Mortgage Lender has launched a new range of limited-edition buy-to-let products and reduced rates across its fixed-rate proposition by up to 15bps.
The Mortgage Lender (TML), part of Shawbrook, has introduced a selection of limited-edition buy-to-let products alongside rate reductions across its wider range, in a move designed to provide brokers and landlords with greater choice.
The new limited-edition products include two-year fixed-rate options starting from 3.79% and are available with either a 5% completion fee or a fixed completion fee structure.
TML has also cut rates across its two-year and five-year fixed-rate buy-to-let products, including those aimed at landlords with houses in multiple occupation (HMOs) and multi-loan borrowers. The reductions are worth up to 15bps.
The latest changes follow a series of updates to the lender’s buy-to-let proposition announced in May. Those enhancements included rate reductions, the launch of a limited-edition five-year fixed-rate product and the return of selected 75% LTV options.
Louise Apollonio (pictured), sales and distribution director for retail mortgages at Shawbrook, said: “These changes are designed to give brokers more options when placing buy-to-let business, with competitive pricing and greater flexibility across our range.
“The launch of new Limited-Edition products, alongside rate reductions across our fixed-rate proposition, reinforces our commitment to supporting landlords at every stage of their investment journey.
“We understand the ambitions landlords have for their portfolios and continue to evolve our proposition to help brokers deliver the right outcomes for their clients.”
TML said the latest enhancements form part of its ongoing efforts to broaden the options available to intermediary partners and support a range of landlord borrowing requirements.
