The Mortgage Lender (TML) has updated its buy-to-let range, cutting rates and adding a new cashback incentive aimed at landlords.
TML has lowered rates on its 2-year and 5-year standard buy-to-let products, with reductions of up to 0.15% across its core range. These changes form part of the lender’s ongoing effort to provide brokers and professional landlords with flexible, competitively priced options.
As part of the update, the lender will withdraw its 2-year £3,495 fee product and bring back the 2-year £2,495 fee option. This adjustment provides borrowers with more choice when weighing upfront costs against long-term value.
For portfolio and HMO landlords, all 5-year fixed HMO products now include a £500 cashback, available for a limited time.
Steve Griffiths (pictured), commercial director for retail mortgages at Shawbrook, said: "Landlords continue to adapt to a changing market, and we’re focused on making sure our range evolves with them. By reducing rates and enhancing incentives, we’re giving brokers more tools to support clients who are refinancing or looking to expand their portfolios."
"This latest update reflects our continued commitment to offering products that are both competitive and flexible."
