TBMC launches 80pc LTV B2L exclusive
Rates stand at 3.00% with a 2.50% completion fee and 3.25% with a £2495 fee to 80% LTV while both products are fixed until 31 May 2017.
Andy Young, 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.”
Both products come with a free valuation for purchases and remortgages.
John Heron, managing director of mortgages, 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.”