The mortgage has an interest rate of 5.99%, with a 1% completion fee and £130 booking fee.
Andy Young, chief executive at TBMC, said: “The product is very well priced and a great option for landlords looking for a higher geared mortgage. It is also available for HMOs, limited companies, student lets and freehold houses split into flats.
“There are only limited funds available and we are expecting the product to be popular so it may not be available for long.”
Tony Hall, head of distribution at Kent Reliance, said: “There has been a good response to our initial buy-to-let range and we are expecting the 85% LTV product to generate significant interest.
“Although the buy-to-let market is improving, there are still limited options in certain areas of lending and Kent Reliance is focused on offering solutions and wider choice to landlords.”
