Shawbrook and The Mortgage Lender (TML) have announced changes across their Buy-to-Let ranges. 

This includes a new limited-edition product launch and rate reductions across selected products within both ranges.

The changes are designed to provide brokers and landlords with greater flexibility, more competitive pricing and additional options across a range of specialist Buy-to-Let scenarios.

TML has launched a new limited-edition 5-year fixed rate product, with rates starting from 4.74%. The products are available with both 2% and 5% completion fee options and include a free valuation.

Several rate reductions have been made across both Shawbrook and TML Buy-to-Let products. TML has reduced rates by up to 15bps across selected 2-year and 5-year fixed products, with 5-year fixed HMO rates now starting from 5.06%.

Across Shawbrook’s Specialist Buy-to-Let proposition, selected products have been reduced by up to 25bps. Rates for Single Lets between £150,000 and £2.5m now start from 4.84%, while rates for HMO and MUFB products (of up to 10 units) now start from 4.89%.

TML has also introduced enhancements across its Multi-Loan offering, alongside the removal of the £150 application fee across all ex-pat products.