"We hope these positive changes and additions to our products help advisers and their clients find the most suitable route towards achieving their property goals."
- Steve Griffiths, chief commercial officer at The Mortgage Lender
The Mortgage Lender (TML) has announced a number of rate reductions across its residential and buy-to-let product ranges.
The lender is reducing residential rates by up to 35bps. There is an average reduction of 18bps across RL0 to RL3 products, as well as large loan and interest-only ranges.
Residential rates on the core range now start at 5.74%, down from 5.99%, and rates on large loans and interest-only products now start at 5.59%, down from 5.74%. Shared ownership has also seen reductions of 10bps on all products across the range, with rates now starting at 6.44%.
In addition, further reductions of 10bps have been made to TML’s buy-to-let five-year fixed rate standard and HMO/MUB products. Five-year fixed products now start at 4.86% on standard properties and 5.06% on HMO/MUB properties.
Steve Griffiths, chief commercial officer at The Mortgage Lender, commented: “Making our products as accessible as possible is a core ethos at The Mortgage Lender, we’re delighted to announce rate reductions of up to 0.35% across our residential product range. With further reductions on some of our buy-to-let products, as well as the recent reintroduction of our popular fee saver products, we hope these positive changes and additions to our products help advisers and their clients find the most suitable route towards achieving their property goals.
“We strive to provide the best value products for customers and will continue to evaluate our offering to remain an attractive option for brokers and their clients.”
