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TBMC launches 1.99% buy to let deal

Written by: Paul Robertson

TBMC has launched two new exclusive buy-to-let products with Skipton Building Society.

The buy-to-let and commercial mortgage specialist unveiled a 1.99% two-year fixed rate up to 60% loan-to-value and a 2.35% 2 year fixed rate up to 70% loan-to-value.

Both have a £2,495 completion fee and include a free valuation for purchases and remortgages, but free legal fees for remortgages only.

Andy Young, chief executive at TBMC, said:

“The current marketplace is very competitive and we have seen a number of lenders reducing their rates in recent weeks. This is a very good time for landlords to arrange fixed rate mortgages for their buy-to-let properties, especially with the expectation of rate rises next year.”

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