TML launches new exclusives and cuts rates by up to 0.8%

"We know people come in all shapes and sizes, and these changes could help get even more people into their new home."

Rates have been reduced by up to 0.8% on two and five-year fixes and its two-year tracker rates have been reduced by up to 0.77%.

Two and five-year fixed whole of market cashback rates, with £750 cashback for the borrower, have also been reduced across the LTV range and it 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, which 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 also available to all distribution partners who have a club or network agreement with The Mortgage Lender.

The Mortgage Lender's deputy chief executive, Peter Beaumont, 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 2 and 3 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.”