TML cuts rates on residential and BTL mortgage ranges


The Mortgage Lender has reduced rates across its residential and buy-to-let (BTL) product ranges.

The specialist lender has reduced rates by up to 0.66% on select residential products in its Real-Life (RL) range, including RL0, RL1, and RL2.

Highlights of the rate cuts include the RL1 two-year fixed 85% LTV product, with rates reducing by 0.56%, and its RL0 five-year fixed 85% LTV product, with rates reducing by 0.65%.

TML’s BTL range has also undergone a repricing, including a reduction of 0.25% for its five-year fixed 75% LTV in its BTL core range and by up to 0.90% for HMOs (house in multiple occupation).

Its two-year base rate tracker product has also decreased by 0.67%.

The lender also has a BTL remortgage-only fee saver product with no completion or set-up fees and £250 cashback.

TML sales and product director Steve Griffiths says: “We’re pleased to announce reductions across the majority of our product ranges. At a time of increased cost of living, whether you are a homeowner, first-time buyer or property investor, everyone is looking for the best option available on the market to suit their circumstances.

“We strive to provide our broker partners access to competitive mortgage deals and the ability to offer their clients attractive products with appealing incentives. The re-price highlights our aim to continue supporting our brokers and their clients’ property ambitions and to lend for real life.”

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