The Mortgage Lender (TML), part of Shawbrook, has made changes to its buy-to-let (BTL) range including rate reductions of up to 0.35% and the relaunch of 75% loan-to-value (LTV) products.
The changes apply across both two-year and five-year fixed rate products.
Rates for standard BTL properties now start from 4.14%, while products for houses in multiple occupation (HMO) and multi-unit blocks (MUB) begin from 4.29%.
Alongside these reductions, TML has relaunched a selection of 75% LTV products across both two-year and five-year fixed terms.
Shawbrook sales and distribution director for retail mortgages Louise Apollonio says: “These changes are designed to make it easier for brokers to get cases placed in a market where cost and flexibility really matter.”
“By reducing rates and reintroducing 75% LTV products, we’re giving brokers more ways to place cases confidently, whether that’s for lower leverage borrowing or more complex properties like HMOs.”
Meanwhile, Kensington has made changes across its residential and BTL ranges.
In the lender’s residential range, all £1,499 fee products in its select range will be withdrawn and replaced by new fee options.
Flexi fixed for term products with fees of £1,499 will be withdrawn without replacement while BTL core £1,999 fee products at 75% LTV will also be withdrawn without replacement.
Kensington has also made rate increases on BTL core 75% LTV products across five-year fixed with a 2% fee and and two-year fixes with a 3% fee.
In addition, it will push the prices up on 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 lending mortgage range.
The society has introduced new residential fixed rate products.
