Shawbrook and The Mortgage Lender (TML) have made improvements to their buy-to-let (BTL) offering, including the launch of a new limited edition product and price reductions across selected products within both ranges.
TML has launched a new limited edition version of the product with a five-year fixed rate, with rates starting at 4.74%.
Products are available with 2% and 5% completion fee options and include a free appraisal.
Additionally, TML has reduced rates by up to 15 billion basis points across select two-year and five-year fixed products, with five-year fixed HMO rates now starting at 5.06%.
Across Shawbrook’s specialist BTL offering, selected products are discounted by up to 25 basis points.
Individual rentals between £150,000 and £2.5m now start at 4.84%, while HMO and MUFB packages (up to 10 units) now start at 4.89%.
TML It has also made improvements to its multiple loan offerings, along with eliminating the £150 application fee on all expatriate products.
“We know that brokers and landlords continue to look for flexibility, competitive rates and specialist support as the buy-to-let market evolves,” says Darryl Norkett, Shawbrook’s property offering director.
“These latest improvements across the Shawbrook and TML BTL proposals are designed to provide brokers with more opportunities to support landlord clients, whether through lower rates, increased product flexibility or broader access across specialist lending scenarios.”
