The latest rate reductions from the lender follow last week’s launch of a new five-year limited edition product.

The lender has made rate reductions on two-year and five-year fixed buy-to-let mortgages by 50bps.

The lender has reduced its rates for the second time in a month, with the latest changes taking effect from tomorrow.

The price cuts follow the relaunch of both 65% and 75% LTV five-year fixed-rate products last month

TML is one of a handful of specialist lenders who offer an AVM service, following a series of recent enhancements to their broker portal.

The new product complements the lender's current 70% LTV offering and follows the launch of a new 60% LTV residential mortgage product in September.

Precise has also announced that it has launched new limited edition products as well as making rate reductions across its residential mortgage range.

The Shariah-compliant Bank has also introduced a number of criteria changes

The rate cuts come alongside changes made to the lender's expat buy-to-let criteria.

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