TMA Mortgage Club and Skipton Building Society launch fixed rate BTL product

TMA Mortgage Club (TMA) has announced a two-year fixed rate of 2.49%, which will be available to appointed representatives of the First Complete and Pink networks, exclusive with Skipton Building Society.

Available for remortgage customers only, the product provides £500 cash back upon completion.

Customers will also benefit from a free standard valuation and no application or product completion fees. It is available up to 70% loan-to-value across England, Scotland and Wales.

Rob McCoy, senior product and business manager at TMA, commented: “As the industry prepares to implement the buy-to-let market PRA changes ahead of Septembers deadline, we are seeing increased customer activity. We are therefore delighted to be launching an exclusive product with Skipton at this time.”

“We are particularly excited about our added cashback offer which will allow customers to use their own preferred conveyancer – something that has become popular with our buyers.”