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The Mortgage Lender cuts buy-to-let rates

The Mortgage Lender has cut buy-to-let mortgage products, so rates start from 4.39% for standard properties.

HMO and Multi-Unit Block products command a slight premium, starting at 4.59%.

David Eaves, head of sales at The Mortgage Lender, said: “As we start the new year, we’re pleased to announce a number of rate reductions across our BTL range, supporting landlords with more options when it comes to reviewing their properties and portfolios.

“We strive to offer a diverse range of competitive products to our broker partners and their clients, so they have as wide a choice as possible when it comes to determining which products best suit their lending circumstances.

“As the year progresses, we’ll continue to review our offerings for both Buy to Let and residential mortgages to ensure we continue to offer solutions and the best products we can for brokers and their customers.”

The lender cut its 75% LTV 5-year fixed rate fee saver product for purchases and remortgages by 0.20% to 5.86%. The rate for HMO and Multi-Unit blocks has been reduced by 0.10%, now standing at 6.19%

TML’s portfolio multi loan range products have also seen a rate reduction. This includes the multi loan range with a 2% fee, with the 5-year fixed rate products up to 75% LTV seeing a decrease of 0.15% on standard properties and a 0.10% drop on HMO/MUB properties.

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