The scheme is a 3.99% discounted rate for three years which is available up to 70% loan to value and has no early repayment charges. There is a flat completion fee of £849 and a booking fee of £150.
The product is available exclusively to intermediaries through TBMC.
Andy Young, Chief Executive at TBMC says:
"We are delighted to offer this excellent new buy-to-let product with Shepshed Building Society. It is very attractive in the 70% LTV bracket and with its low initial rate, flat completion fee and no early repayment charges, it is likely to be popular amongst intermediaries and their landlord clients.
"We are looking forward to working with Shepshed and helping them to launch this new buy-to-let product."
Greg Williamson, Chief Executive of Shepshed Building Society says:
"The buy-to-let market has improved considerably since the beginning of the year and there is currently a healthy demand from landlords for property investment mortgages.
"At Shepshed, we are continuing with our buy-to-let lending and aiming to provide well-priced products to meet the needs of property investors in the UK. We have teamed up with TBMC, a highly regarded buy-to-let specialist, to offer this great new product."
