Andy Young, chief executive at TBMC, said: “TBMC has seen LTVs rise for buy-to-let applications received in 2013 and the average LTV for mortgage offers processed in quarter two this year was 73.91%.
“A large proportion of landlords are interested in products with a maximum LTV of 75% and the new Mortgage Trust exclusive is a great option at this lending level especially as the completion fee can also be added to the loan.”
Paul Clampin, director of underwriting at Mortgage Trust, said: “Mortgage Trust is dedicated to providing competitive financial solutions to landlords in the UK. The buy-to-let mortgage market is constantly changing and we monitor our product positioning on a daily basis.
“This product has been designed to attract quality applications from private investor landlords looking to purchase or remortgage existing buy-to-let properties and is also available for large loans of up to £500,000 at 75% LTV and up to £1,000,000 at 70% LTV.
“We are offering this product exclusively through TBMC which has established buy-to-let expertise and excellent distribution channels.”