The Mortgage Lender (TML) has made a number of rate reductions across its residential and buy-to-let products.

The lender is reducing rates across products within its residential range, with reductions of up to 35bps. There is an average reduction of 18bps from RL0 to RL3 products, as well as from the Large Loan and Interest Only range.

Residential rates on the Core range now start at 5.74%, down from 5.99%, and rates on the Large Loans and Interest Only range now start at 5.59%, down from 5.74%.

Shared Ownership has also seen reductions of 10bps on all products across the range, with rates starting at 6.44%, reduced from 6.54%.

In addition, further reductions of 10bps have been made to TML’s buy-to-let five-year fixed rate Standard and HMO/MUB products. Buy-to-let five-year fixed products will now start at 4.86% down from 4.96% on standard properties and 5.06% from 5.16% on HMO/MUB properties.

Steve Griffiths (pictured), chief commercial officer at The Mortgage Lender, said: “Making our products as accessible as possible is a core ethos at The Mortgage Lender, we’re delighted to announce rate reductions of up to 0.35% across our residential product range.

“With further reductions on some of our buy-to-let products, as well as the recent reintroduction of our popular fee saver products, we hope these positive changes and additions to our products help advisers and their clients find the most suitable route towards achieving their property goals.

“We strive to provide the best value products for customers and will continue to evaluate our offering to remain an attractive option for brokers and their clients.”