The deal is priced at 4.75% and is available for up to 75% loan to value with a free valuation and no completion fee.
Andy Young, chief executive at TBMC, said: “We are delighted to launch this new buy-to-let exclusive from Mortgage Trust with no completion fee because even though the buy-to-let mortgage market is becoming more competitive many of the products on offer carry high percentage fees.”
Paul Clampin, director of mortgage underwriting at Mortgage Trust, said: “Mortgage Trust is a keen player in the buy-to-let mortgage market and designs its product ranges to meet the diverse needs of UK residential property investors.
“We recognise that high initial set-up fees can be off-putting to some and this new product reflects this. It balances the requirement for low upfront costs with affordable monthly repayments, and is also available for large loans of up to £500,000 at 75% LTV and up to £1,000,000 at 70% LTV.”