Andy Young, chief executive at TBMC, said: "We are pleased to offer this new buy-to-let rate available up to 80% LTV. The rate of 4.79% discounted for 2 years and the flat completion fee of £2999 make this product very competitive in the higher LTV bracket, and it should be popular with intermediaries and landlords alike. We have a great working relationship with Kent Reliance which currently has an excellent buy-to-let offering."
Tony Hall, head of distribution at Kent Reliance, added: "Kent Reliance is continuing to develop its buy-to-let proposition as part of its mortgage product strategy for 2012.
"We offer a good selection of rates for intermediaries and their landlord clients and are able to design products to meet particular needs.
"We have partnered with TBMC, a buy-to-let specialist with excellent distribution within the intermediary market, to help generate the level of buy-to-let business we are looking for at 80% LTV.”
