"These latest rate reductions across both our Residential and Buy-to-Let ranges allow us to provide even more options for a wider range of mortgage customers – whether it’s a first-time buyer looking to maximise their affordability based on their income make up,"
- Steve Griffiths - TML
The Mortgage Lender (TML) has lowered rates across both its residential and buy-to-let mortgage ranges.
Residential: Rates on the RL0 and RL1 products have been reduced by up to 25bps across all LTV tiers up to 90%.
Buy-to-let: Several products have seen reductions, including a 5bps cut on fee-charging five-year fixed standard products and a 10bps decrease on five-year fixed HMO and MUB products.
Shawbrook Retail Mortgages made the changes today to provide advisers with more options for clients facing affordability challenges due to self-employed or complex income structures, as well as those with adverse credit histories.
On the residential side, the adjustments give advisers additional flexibility for clients whose circumstances do not fit conventional lending criteria.
For buy-to-let, the rate reductions aim to give landlords and property investors better access to long-term fixed rates while maintaining the support and consistency advisers and clients expect from TML.
“At TML, we’re committed to evolving our proposition in step with advisers and their clients," explained Steve Griffiths, chief commercial officer at TML (pictured). "These latest rate reductions across both our Residential and Buy-to-Let ranges allow us to provide even more options for a wider range of mortgage customers – whether it’s a first-time buyer looking to maximise their affordability based on their income make-up, to professional landlords seeking stability in today’s market. We’ll continue to review our products to ensure we’re delivering solutions that reflect real-life needs, while working closely with brokers to support their clients’ ambitions.”
