The product, which is available exclusively through Pink, now sees interest fixed at 5.18% until September 30 2008 and has a maximum LTV of 80%. It has a maximum exposure of £5m (10 properties max/£500,000 per property).
Tony Capon, Head of Intermediary Support and Development at The Derbyshire, said: "We are delighted to be able to pass on recent reductions in swap rates through these improved terms and offer this exclusive Buy-to-Let product through Pink Home Loans at the even more attractive rate of 5.18%. This product is expected to sell particularly well.
"We continue to have confidence in the future of the Buy to Let market. These products have become an integral part of our portfolio offerings. Already this year we have enhanced our range of fixed rate, discount and tracker Buy-to-Let mortgages by increasing investor maximum exposures, LTV limits and by improving the required rental cover requirements, making it easier to service a Buy-to-Let mortgage.
"With more and more lenders focusing on the market, property investors now have an attractive choice of products to suit their needs and we forecast a bright future for Buy-to-Let."
