The Mortgage Lender has cut rates on its residential range and introduced exclusive deals for its club and network distribution partners and premium packagers.
Rates have been reduced across the LTV range by up to 0.8% for 2 and 5-year fixes and its 2-year tracker rates have been reduced by up to 0.77%.
Peter Beaumont, The Mortgage Lender deputy’s chief executive, said: “We know people come in all shapes and sizes, and these changes could help get even more people into their new home.
“The reduction in rates on TML two and three boosts our competitive position and our exclusives give brokers an additional reason to talk to their customers about The Mortgage Lender and real life lending.”
The lender’s 2 and 5-year fixed whole of market cashback rates, with £750 cashback for the borrower, have also been reduced across the LTV range and TML has waived its £150 application fee for all borrowers until further notice.
Premier packagers including 3mc, TFC, Complete FS, The Mortgage Trading Company, Brightstar, AToM and the Buy to Let Business, also have access to an exclusive residential cashback range.
This offers a 0.1% reduction on the whole of market cashback range, with £500 cashback for the borrower.
A £1,000 exclusive residential cashback product is available to all distribution partners who have a Club or Network agreement with The Mortgage Lender.