Landlords gain wider low-leverage borrowing options

The Mortgage Lender (TML), part of Shawbrook, has cut rates by up to 0.35% on its buy-to-let range and relaunched its 75% LTV products, giving brokers and landlords more choice for both two- and five-year fixes.

Rates start from 4.14% for standard BTL properties and 4.29% for houses in multiple occupation and multi-unit blocks.

As well as the rate cuts, the relaunch of a selection of 75% LTV products across both two-year and five-year fixed terms gives more choice for landlords looking for lower leverage options, the company said.

It includes loans of up to £3 million per property and up to £5 million per customer with no set cap on portfolio size.

Allowing more confident case placement

Louise Apollonio, sales and distribution director for retail mortgages at Shawbrook, said: “These changes are designed to make it easier for brokers to get cases placed in a market where cost and flexibility really matter.

“By reducing rates and reintroducing 75% LTV products, we’re giving brokers more ways to place cases confidently, whether that’s for lower leverage borrowing or more complex properties like HMOs.

“In a market that continues to evolve, speaking to a broker early can make a real difference, so it’s important they have the right options and support behind them. Ultimately, this is about giving brokers the confidence to place business with us, get it through, and deliver the right outcomes for their clients.”