The lender’s two-year BTL interest products are down as much as 0.2%, with standard properties starting at 4.49%, down from 4.69%.

Prices for houses in HMOs and MUBs are 4.69% (previously 4.89%).

Select five-year fee-based fixed rate products will be reduced by up to five basis points, with standard properties starting at 4.66% and HMO/MUB properties starting at 4.91%.

TML’s five-year fixed rate for the fee savings product will be reduced by 0.1%, starting at 5.86% – down from 5.96% – for standard properties and 6.09% – a reduction from 6.19% – for HMO/MUB -Property.

Steve Griffiths, Chief Commercial Officer at TML, said: “We are delighted to announce a further series of reductions across our buy-to-let range. We are committed to supporting customers whose needs may not be met by traditional lenders and we will continue to review and adapt our offering to the realities of the evolving landscape.”

Keystone Property Finance reduces standard BTL, HMO and MUB rates

Keystone Property Finance has cut a range of BTL mortgage products by up to 0.2% and reintroduced its 7% fee option.

The specialist BTL lender has cut its standard two-year fixed rate by up to 0.15%, with interest rates starting at 3.24%.

The two-year fixed rates for specialists are reduced by 0.15% and the price range is 3.29%.

Switch & Fix products will decrease by approximately 0.2% and prices will start at 5.24%.

The lender’s 7% fee option is available at 70% loan-to-value (LTV) for two- and five-year fixed rates.

Elise Coole, managing director of Keystone Property Finance, said: “We are pleased to announce a significant reduction in interest rates. This means we can offer agents and their landlord clients even more competitive options. As always, we are committed to ensuring that reduced borrowing costs are passed on to borrowers as quickly as possible so that we are always one step ahead in creating value in the market.

“We are also pleased to reintroduce our 7% brokerage fee option, which we reintroduced following strong demand from brokers. This option gives landlords the flexibility they need to manage affordability and achieve the desired leverage.”

Mansfield BS cuts holiday offer

Mansfield Building Society has slashed prices for its special purpose vehicle (SPV) limited liability holiday rental offering.

The two-year holiday rental discount product will drop from 6.2% to a variable 5.99%, offering borrowers “improved affordability as well as lower initial monthly payments”.

The deal has a maximum LTV of 75% and the loan size is between £100,000 and £1m per property.

Early repayment penalties (ERCs) of 2% apply for repayment in the first year and 1% for repayment in the second year.

Tom Denman-Molloy, Intermediary Sales Manager at Mansfield Building Society, said: “We are pleased to reduce the price of our SPV Limited Company holiday let product, making it more attractive to property investors who are either already in or going on holiday want to invest.” marketed. This rate reduction is consistent with our commitment to providing competitive and flexible mortgage solutions for underserved borrowers.

“With its lower interest rate and strong product features, we believe this offering will certainly be attractive to brokers and their customers.”