Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

TML and Shawbrook Announce Reductions in Buy-to-Let Mortgage Rates

The Mortgage Lender (TML) and Shawbrook have both introduced reductions to their buy-to-let (BTL) mortgage pricing, with new fixed rate products and fee options now available. These changes include lower starting rates and enhanced product features aimed at supporting brokers and landlords in the evolving BTL market.

TML has launched a limited-edition five-year fixed rate BTL range, with rates starting from 4.74%. The new deals are available with either 2% or 5% completion fee options and include a free valuation. Additionally, TML has reduced rates by up to 15 basis points across selected two- and five-year fixed mortgages. Five-year fixed rates for houses in multiple occupation (HMOs) now start from 5.06%. The lender has also made enhancements to its multi-loan offering and removed the £150 application fee across all expat products.

Shawbrook has also lowered pricing in its specialist BTL range, with rate reductions of up to 25 basis points. Rates for single lets between £150,000 and £2.5 million now start from 4.84%. For HMO and multi-unit freehold block (MUFB) products of up to 10 units, rates now start from 4.89%.

Earlier in the week, Shawbrook launched a dedicated proposition for the purpose-built student accommodation (PBSA) market.

These changes may be of interest to UK letting agents and inventory clerks, as they could impact landlord clients’ mortgage options and property investment decisions.