The deal offers a three-year discounted rate of 3.99% up to 70% LTV, with a booking fee of £150 and a completion fee of £849.
Andy Young, chief executive at TBMC, said: “The product is very attractive in the 70% LTV bracket and, with its low initial rate, flat completion fee and no early repayment charges, it is likely to be popular amongst intermediaries and their landlord clients.”
Greg Williamson, chief executive of Shepshed Building Society, said: “The buy-to-let market has improved considerably since the beginning of the year and there is currently a healthy demand from landlords for property investment mortgages.
“At Shepshed, we are continuing with our buy-to-let lending and aiming to provide well-priced products to meet the needs of property investors in the UK.”
