Mortgage Lender (TML), part of Shawbrook, has made changes to its buy-to-let (BTL) range including rate cuts of up to 0.35% and the relaunch of its 75% loan-to-value (LTV) products.
The changes apply to two- and five-year fixed-rate products.
Standard BTL property prices now start at 4.14%, while Home Multi Occupation (HMO) and Multi Unit Block (MUB) products start at 4.29%.
Alongside these cuts, TML has relaunched a selection of 75% LTV products across fixed terms of two and five years.
Shoprock “These changes are designed to make it easier for brokers to place cases in a market where cost and flexibility really matter,” says retail mortgage sales and distribution manager Louise Apollonio.
“By reducing rates and reintroducing LTV products by 75%, we are giving brokers more ways to place issues with confidence, whether it is for lower leveraged borrowing or more complex properties such as HMOs.”
Meanwhile, Kensington has made changes across its residential and BTL ranges.
In the lender’s residential range, all £1,499 charge products in the selected range will be withdrawn and replaced with new charge options.
Fixed Flexible products for fixed term products with a fee of £1,499 will be withdrawn without replacement, while basic BTL fee products of £1,999 at 75% LTV will also be withdrawn without replacement.
Kensington also implemented price increases for core BTL products of 75% lifetime value (LTV) across five fixed years with a 2% fee, and two-year fixes with a 3% fee.
Additionally, it will raise prices on 2-year fixed BTL Prime rates at 75% LTV with a 3% fee and 2-year fixed BTL Prime eKo rates at 75% LTV with a 3% fee.
Elsewhere, Leeds Building Society has announced changes to its new mortgage lending range.
The association introduced new fixed-price housing products.
