The two and three-year discount product range is only available through mortgage brokers. The two-year discount purchase-only product is priced at 2.78%, a 2.71% discount off the buy-to-let standard variable rate and comes with a £999 arrangement fee.
A two-year remortgage discount is available with an initial rate of 2.98%, which includes a discount of 2.51%, with a £199 booking fee and £799 arrangement fee. Free standard legal fees and free standard valuation are included.
Richard Groom (pictured), head of mortgage sales intermediary and direct at the Tipton, said the society was looking forward to breaking into a new sector.
“We’re delighted to launch a new buy-to-let portfolio especially as research suggests that a quarter of homes over the next decade will be rented out. We’re capitalising on this suggested trend and look forward to developing and growing our market share.”
