Shawbrook & TML cut buy to let rates and expand specialist landlord options

Shawbrook and The Mortgage Lender (TML) have announced a series of changes to their buy to let propositions, including rate reductions, a new limited edition product and wider enhancements aimed at specialist landlords and brokers.

Related topics:  Buy To Let,  Shawbrook
Amy Loddington | Online Editor, Financial Reporter
28th May 2026
Terraced Houses - 927

TML, which is powered by Shawbrook, has launched a limited edition 5-year fixed rate product with rates starting from 4.74%.

The products are available with either 2% or 5% completion fee options and include a free valuation.

The lender has also reduced rates by up to 0.15% across selected 2 year and 5 year fixed buy to let products. Following the changes, 5 year fixed HMO rates now start from 5.06%.

Across Shawbrook’s specialist buy to let range, selected products have been reduced by up to 25bps.

Rates for single lets between £150,000 and £2.5m now start from 4.84%, while HMO and multi unit freehold block products of up to 10 units now start from 4.89%.

TML has also introduced changes to its multi loan offering and removed the £150 application fee across all ex pat products.

The lenders said the changes are intended to provide brokers and landlords with greater flexibility, more competitive pricing and broader access to specialist lending solutions.

Daryl Norkett, director of real estate proposition at Shawbrook, said: "We know brokers and landlords continue to look for flexibility, competitive pricing and specialist support as the buy to let market evolves.

"These latest enhancements across both the Shawbrook and TML buy to let propositions are designed to provide brokers with more opportunities to support their landlord clients, whether through lower pricing, greater product flexibility or broader accessibility across specialist lending scenarios.

"As a specialist lender, we remain focused on delivering practical solutions that help brokers place cases with confidence and support landlords as they grow and manage their portfolios."

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