In its core range, its five-year fixed rate at 75% LTV with a 5% fee has gone down from 5.26% to 5.06%.

In its portfolio multi-loan range, its five-year fix at the same LTV and a 2% fee has dropped from 5.92% to 5.72%.

Also at 75% LTV, a five-year fix with £2,495 fee has been cut from 6.06% to 5.86%.

TML chief commercial officer Steve Griffiths says: “We’re pleased to announce rate reductions across a number of our BTL products. 

“We continue to remain committed to our broker partners and our customers in offering attractive rates to borrowers, whether purchasing or remortgaging.

“We continually evaluate our rates to support new and existing landlords, and to help brokers and their clients’ in achieving their property ambitions.”