It has launched a three-year fixed at 4.75 per cent (no overhang) with a fixed fee of £1500 and a three-year discounted tracker at 0.44 per cent above LIBOR, with up to 85 per cent LTV, again with a fixed fee of £1500.
John Olney, TBMC’s Head of Buy to Let lending said, ‘This latest fixed rate complements a host of sub 5% Buy to Let products we can offer the broker. This is in addition to a wide range of products across the board to cover just about every BTL landlord requirement. Brokers with an eye on cost of funds will quickly pick up on the potential of our 0.44% product. This has to be a good bet for those with a view that rates will fall. As always TBMC are providing the products for the intermediary to make their own choice."
