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TBMC unveils buy-to-let exclusives

Sarah Davidson

June 16, 2014

The rates include a 3.75% 2-year LIBOR tracker and a 3.99% fixed rate until 31 October 2016.

Both products have a 2.50% completion fee and come with a free valuation for purchases and remortgages.

Andy Young, chief executive at TBMC, said: “We are delighted to launch two excellent buy-to-let exclusives with Mortgage Trust.

“The rates are keenly priced in the 80% LTV bracket and the free valuation will make the products particularly attractive for landlord clients.

“As the buy-to-let mortgage market becomes more competitive, especially for products up to 75% LTV, we could see a move by more lenders to increase their lending limits up to 80% or even 85%, which would be great news for brokers and their landlord clients.”

John Heron, managing director at Mortgage Trust, added: “The Mortgage Trust product range has always been created with the buy-to-let investor in mind and aims to meet their changing financial needs.

“There is currently a strong demand for higher LTV products which can enable landlords to employ higher gearing in their buy-to-let investments.

“We expect these new products, which are available exclusively via TBMC, to be popular with landlords looking for a buy-to-let mortgage up to 80% LTV. Nevertheless, lending at this LTV will continue to be well controlled and sustainable.”


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