The Mortgage Lender (TML) is offering a five-year fixed HMO buy-to-let rate and Lumi-branded products for limited company, individual and HMO/MUB applicants with semi-exclusive distribution through selected mortgage clubs and networks.

The Lumi buy-to-let product has no application fee, free valuation and the choice of free standard legals for remortgages, or £500 cashback for remortgage and purchase.

The Lumi five-year fixed rate is 3.89% at 75% loan to value for individual and limited company applicants and 3.99% for HMO/MUB applicants.

Lumi products also benefit from a reduced completion fee of 1.25% for limited company and individual applicants and 1.75% for HMO/MUB applicants.

The initial rate for the five-year fixed HMO buy-to-let is 3.8% with a 0.5% reduction in the completion fee to 1.5% for remortgage or purchase.

Steve Griffiths (pictured), TML’s sales and product director, said: “Increased choice in the specialist buy-to-let sector is driving better deals for customers. Whether landlords are looking to raise capital to increase the size of their portfolios or for a competitive deal we’ve got the rates, criteria and customer service to help them achieve their goals.”