Shawbrook and The Mortgage Lender (TML) have made enhancements to their buy-to-let (BTL) propositions, including a new limited-edition product launch and rate reductions across selected products within both ranges.

TML has launched a new limited edition five-year fixed rate product, with rates starting from 4.74%.

The products are available with both 2% and 5% completion fee options and include a free valuation.

In addition, TML has reduced rates by up to 15b basis points across selected two-year and five-year fixed products, with five-year fixed HMO rates now starting from 5.06%.

Across Shawbrook’s specialist BTL proposition, selected products have been reduced by up to 25bps.

Rates for single lets between £150,000 and £2.5m now start from 4.84%, while rates for HMO and MUFB products (of up to 10 units) now start from 4.89%.

TML has also introduced enhancements across its multi-loan offering, alongside the removal of the £150 application fee across all ex-pat products.

Shawbrook director of real estate proposition Daryl Norkett says: “We know brokers and landlords continue to look for flexibility, competitive pricing and specialist support as the Buy-to-Let market evolves.”

“These latest enhancements across both the Shawbrook and TML BTL propositions are designed to provide brokers with more opportunities to support their landlord clients, whether through lower pricing, greater product flexibility or broader accessibility across specialist lending scenarios.”