The initial rate is 4.49%, fixed for two years and is available up to 75% LTV with a 1% completion fee. Free legals and valuations are available for remortgages on properties valued up to £500,000.
Andy Young, Chief Executive at TBMC says:
“We are really pleased to launch this new 2 year fixed rate with Skipton Building Society, available exclusively via TBMC, which complements our existing range of buy-to-let exclusives. The product is highly competitive in the 75% LTV bracket and the low lender fee should make it particularly attractive. For those seeking a remortgage deal for an existing buy-to-let property, this is an excellent option with a free valuation and no legal fees.
“We are looking forward to working with Skipton and will distribute this great new product through TBMC’s extensive intermediary channels.”
Paul Darwin, Head of Intermediary Sales at Skipton Building Society, added:
“We are delighted to offer this competitive buy-to-let product through TBMC. The buy-to-let market is in good shape at the moment with many opportunities for brokers and their landlord clients. We continually monitor our buy-to-let product range to ensure that we can meet the needs of landlords and this new product should be popular with those looking for a fixed rate.
“TBMC’s specialist expertise in the buy-to-let mortgage market should help to ensure that we
received good quality applications and the desired level of new business with this product.”
