Shawbrook and The Mortgage Lender (TML) have made improvements to their buy-to-let (BTL) propositions, including a new limited edition product launch and rate reductions on selected products across both ranges.
TML has launched a new, limited, five-year fixed rate product, with rates starting from 4.74%.
The products are available with both 2% and 5% completion fees and include a free valuation.
In addition, TML has reduced rates by up to 15 billion basis points on select two- and five-year fixed products, with five-year fixed HMO rates now starting from 5.06%.
In Shawbrook’s specialist BTL offering, selected products have been reduced by up to 25 basis points.
Rates for single rentals between £150,000 and £2.5 million now start from 4.84%, while rates for HMO and MUFB products (up to 10 units) now start from 4.89%.
TML has also introduced improvements to its multi-loan offering, in addition to the abolition of the £150 application fee on all ex-pat products.
Daryl Norkett, Shawbrook property proposition director, said: “We know that agents and landlords continue to look for flexibility, competitive pricing and specialist support as the Buy-to-Let market evolves.”
“These latest enhancements to both the Shawbrook and TML BTL propositions are designed to give brokers more options to support their landlord customers, whether through lower prices, greater product flexibility or wider accessibility in specialist lending scenarios.”