Lender has reduced rates by 10 basis points on some deals

Its five-year fixed 75% product with a 5% fee has come down from 5.06% to 4.96% 

Its portfolio multi-loan five-year fixed at  75% LTV with a 2% fee has come down from 5.72% to 5.62%. 

In its houses in multiple occupation and multi-unit block range, a five-year fixed with a 2% fee has been reduced from 5.91% to 5.81%.

The lender has brought back its buy-to-let fee saver products for purchase and remortgage with rates starting from 6.06%. The product has no application or completion fees and includes a free standard valuation and £250 cashback.

TML chief commercial officer Steve Griffiths says: “We’re pleased to be able to offer our brokers and their clients a further rate reduction.

“Affordability across the market has been improving for landlords with rates reducing and rents increasing and we’re thrilled to be able to support professional landlords secure affordable rates that will enable them to both remortgage and make new purchases.”