TBMC has launched two new buy-to-let fixed rate mortgages with Mortgage Trust.
There is a 3.00% fixed rate until 31/05/2017 with a 2.50% completion fee and a 3.25% fixed rate until 31/05/2017 with a £2495 completion.
Both products are available up to 80% LTV and come with a free valuation for purchases and remortgages.
Andy Young (pictured), chief executive at TBMC, said: “These new buy-to-let exclusives with Mortgage Trust are very competitive in the 80% loan-to-value bracket. Fixed rate products continue to be popular with landlords and the free valuation will be attractive to clients looking to reduce their upfront costs. The 3.25% rate with the flat completion fee will be particularly useful for landlords who require a larger loan size.
“There is more intense competition in the buy-to-let mortgage market at the moment and it is great to see Mortgage Trust offering such keenly priced rates at higher levels of lending.”
John Heron, managing director of mortgages at Mortgage Trust, said: “The Mortgage Trust buy-to-let proposition has a strong presence in the marketplace and it is important that we continue to adapt to the needs of UK landlords.
“Our special range of exclusive fixed rate products, available via TBMC, have been well received and we expect these new 80% LTV products to generate a high level of interest with brokers and their landlord clients.”