The mortgage lender (TML) has reduced selected interest rates by up to 20 bps on its buy-to-let product range.
These rate reductions apply to both 2-year and 5-year fixes on standard, HMO/MUB, fee-saving and multi-loan products. 
Rates currently start at 4.39% for standard properties and 4.59% for HMOs and multi-unit blocks.
Five-year fixed rate 'fee saver' product rates have been reduced by up to 20bps for standard properties and 10bps for HMOs and MUBs. This results in a standard property interest rate of 5.68%. HMO/MUB rates currently start at 6.19%.
TML also reduced interest rates on multi-loan products in its portfolio. This includes a 5-year fixed rate product for multi-loan products. For a standard property, these were reduced by 15bps at 75% LTV (2% fee applied). For HMO/MUB properties, the reduction is 10bps.
David Eaves, Head of Sales at TML, said: “We strive to offer our broker partners and their clients a competitive and diverse range of products. You get the widest possible selection.”
“We will continue to review both our BTL and mortgage offerings as the year progresses.”
