Alongside these upgrades, TML has announced rate reductions on its residential products, with cuts of up to 35 basis points.
The lender’s core two-year fixed products across its Real-Life (RL) loan-to-value (LTV) ranges will now start at 5.74%, down from 5.99%. Most five-year fixed products will begin at 5.54%, reduced from 5.74%. For RL0 two- and five-year fixes at 90% LTV, rates will start at 6.64% and 6.35%, down from 6.89% and 6.57%, respectively.
The rate reductions extend to TML’s large loan products, with two-year fixed rates starting at 5.69% and five-year fixed rates starting at 5.39%.
“We are happy to announce further rate cuts on our products after recent reductions in both our residential and buy-to-let ranges,” said Steve Griffiths (pictured), chief commercial officer at The Mortgage Lender.
