The Mortgage Lender (TML) has made a series of reductions to its buy-to-let (BTL) range.

All of the changes take place at 75% LTV.

For standard BTL properties, the five-year fee saver five-year fix has been cut from 4.10% to 3.44% and had its completion fee of 1.50% taken down to zero.

The houses in multiple occupation/multi-unit block five-year fix, meanwhile, has been reduced from 4.20% to 3.55% and had its completion fee reduced, this time from 2%to 0.75%.

Both of the above products come with free legals, a free valuation, and £500 cashback.

And the five-year fix with £2,495 completion fee has had 20 basis points cut, taking its rate from 3.44% to 3.24%.

TML sales director Steve Griffiths says: “With the products we have announced today our borrowers, whether buying or remortgaging, have access to a competitive rate for five years alongside attractive incentives, allowing them to make decisions quickly, access capital for future investments and lock in rates now ahead of any potential movements on the Bank of England’s base rate.

“It is a competitive market, and the reprice reflects our continued desire to offer brokers innovative solutions for their cases.”