The Mortgage Lender (TML), part of Shawbrook, has made changes to its buy-to-let (BTL) range, including rate cuts of up to 0.35% and the relaunch of 75% loan-to-value (LTV) products.
The changes apply to both two-year and five-year fixed rate products.
Rates for standard BTL properties now start from 4.14%, while multi-occupancy house (HMO) and multi-unit block (MUB) products start from 4.29%.
In addition to these reductions, TML has relaunched a selection of 75% LTV products with both two and five-year fixed terms.
Shawbrook retail mortgage sales and distribution director Louise Apollonio says: “These changes are designed to make it easier for brokers to place business in a market where cost and flexibility really matter.”
“By lowering rates and reintroducing 75% LTV products, we are giving agents more ways to list business with confidence, whether for lower leverage loans or more complex properties such as HMOs.”
Meanwhile, Kensington has made changes to its residential and BTL range.
The lender’s residential range will see all products with a fee of £1,499 in its selected range withdrawn and replaced with new fee options.
Fixed term rate Flexi products with a £1,499 fee will be withdrawn without replacement, while core BTL products at £1,999 with a 75% LTV will also be withdrawn without replacement.
Kensington has also implemented rate increases for BTL core products with a 75% LTV over a five-year term with a 2% fee and two-year fixes with a 3% fee.
Additionally, it will increase prices for BTL prime two-year fixed rates at 75% LTV with a 3% fee and BTL prime eKo two-year fixed rates at 75% LTV with a 3% fee.
Elsewhere, Leeds Building Society has announced changes to its new mortgage offering.
The association has introduced new fixed-rate residential products.