TBMC and Landlord Centre unveil BTL deals

TBMC and Landlord Centre have both unveiled two new 80% LTV buy-to-let exclusives with a free valuation.

The buy-to-let mortgage specialists are launching the rates in partnership with Mortgage Trust, with the mortgages funded by Paragon Bank.

The deals feature a 3% fixed rate with a 2.50% completion fee and a 3.25% fixed rate with a £2,495 completion fee.

Both products run until 31 May 2017 and are available up to 80% LTV. They come with a free valuation for purchases and remortgages.

Andy Young, chief executive at TBMC and Landlord Centre, said: “These new buy-to-let exclusives with Mortgage Trust are very competitive in the 80% LTV 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.”

John Heron, managing director of mortgages at Mortgage Trust, 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.”