TBMC has launched two new exclusive buy-to-let products with the Skipton Building Society.
The products include a 1.99% two-year fixed rate up to 60% LTV and a 2.35% two-year fixed rate up to 70% LTV.
Both have a £2,495 completion fee and include a free valuation for purchases and remortgages, and free legal fees for remortgages only.
Andy Young (pictured), chief executive of TBMC, said: “We are very pleased to launch these excellent new buy-to-let exclusives with Skipton Building Society. The 1.99% two-year fixed product at 60% LTV has one of the lowest initial rates in the current buy-to-let mortgage market, and will be attractive to clients who have higher deposits for their buy-to-let properties.
“The new products also have a free valuation for purchases and remortgages and free legal fees for remortgages only, which will reduce the upfront costs for landlords.
“The current marketplace is very competitive and we have seen a number of lenders reducing their rates in recent weeks. This is a very good time for landlords to arrange fixed rate mortgages for their buy-to-let properties, especially with the expectation of rate rises next year.”
Paul Darwin, head of intermediary relationships at Skipton Building Society, added: “Skipton Building Society keeps a close eye on the buy-to-let market to ensure that its mortgage proposition for landlords remains competitive.
“We are delighted to team up with TBMC to distribute these new fixed rates which we have designed to meet the specific needs of landlords.
“Two-year fixed rates are currently very popular and we are expecting a high demand for these new products.”
