The products consist of a discount of 1.26 per cent for three years giving an initial pay rate of 5.24 per cent with a 1 per cent completion fee, and a discount of 1.51 per cent for three years with a initial pay rate of 4.99 per cent with a 1.5 per cent completion fee.
Both products come with the following features
• Early redemption charge of 5 per cent in first three years
• 85 per cent loan to value
• No higher lending charge
• Free valuation
• £40K minimum loan
Justine Tomlinson, marketing director at Mortgage Next, said: "Compared to this time last year the buy-to-let market is vibrant, driven by strong rental demand that shows little sign of subsiding.
"With pay rate starting from as low as 4.99 per cent, these buy-to-let products are highly competitive and also include a free valuation. I’m sure they will be popular with both brokers and borrowers."
