The product is a two-year discount with an arrangement fee of £899.
Andy Young, chief executive of TBMC, says: “We are delighted to launch this fantastic new buy-to-let mortgage with Darlington Building Society. The product is highly competitive in the 70% LTV bracket, and offers the best of both worlds with a low initial rate and a low flat fee.”
He adds that the product is particularly suitable for amateur landlords as Darlington accepts a maximum of three properties, and that there is a limited tranche of funding for the deal.
David Copland, marketing and sales controller at Darlington Building Society, says: “The buy-to-let mortgage market is continuing to show signs of growth and Darlington is looking to increase its levels of buy-to-let business in 2012.
“We have selected TBMC to distribute this excellent new product to control the volume and suitability of new applications.”