The Mortgage Lender (TML) has made rate reductions across its new simplified buy-to-let mortgage range, which maintains a variety of fee options for borrowers, including percentage fee, fixed fee, and fee-fee options.
Rates now start from 2.83% for a two-year fixed with a 2.25% fee and 3.19% for a five-year fixed with a 2% completion fee on standard properties.
Landlords investing in HMOs MUBs will find that rates start from 3.34% for five-year fixed, or 3.08% for two-year fixed, both with a 2.5% completion fee.
In addition to the rate cuts, TML has launched a large loans product for mortgages over £500,000, while also extending its £500 cashback and free legals offer on limited company buy-to-lets to HMOs and MUBs
Steve Griffiths, sales director at The Mortgage Lender, said: “The buy-to-let market is competitive across pricing, criteria and product.
“These changes address all those elements by reducing our rates, simplifying our product range and aligning our pricing for Individuals and Ltd company applicants.
“Our products are streamlined and more competitive, while retaining the choice our broker partners have asked for.”