The Mortgage Lender has simplified its buy-to-let range and reduced the majority of rates.

The revised range maintains a variety of fee options for borrowers, including percentage fee, fixed fee and fee-fee options.

Rates now start from 2.83 per cent for a two-year fixed with a 2.25 per cent fee and 3.19 per cent for a five-year fixed with a 2 per cent completion fee on standard properties. 

Rates for houses of multiple occupation or multi-unit blocks start from 3.34 per cent for five-year fixed, or 3.08 per cent fo two-year fixed, both with a 2.5 per cent completion fee. 

TAs well

As well as the rate cuts, TML has launched a large loans product for mortgages over £500,000.

It has extended its £500 cashback and free legals offer on limited company buy-to-lets to HMOs and MUBs

The Mortgage Lender sales director Steve Griffiths says: “The buy-to-let market is competitive across pricing, criteria and product. 

“These changes address all those elements by reducing our rates, simplifying our product range and aligning our pricing for Individuals and Ltd company applicants.

“Our products are streamlined and more competitive, while retaining the choice our broker partners have asked for.”