The Mortgage Lender (TML) has launched two new buy-to-let products.

These include a standard two-year fixed, with an initial rate of 4.69% and a 5% completion fee, and an HMO/MUB two-year fixed product with an initial rate of 6.19% and 3% completion fee.

In addition, the specialist lender has reduced pricing on four of its BTL five-year fixed standard and standard HMO products.

It has also cut rates on its 75% LTV five-year fixed standard and HMO products by up to 15bps, with completion fees of 5%, 3%, 2% and a flat fee of £2,495.

TML chief commercial officer Steve Griffiths says: “In an increasingly competitive market, with affordability challenges still prevalent, we recognise that brokers and landlords are still seeking the best rates possible for their properties and portfolios.

“We’re pleased to not only introduce new products to the market, but also offer rate reductions on a number of our BTL products, giving brokers more choice for their customer base.”