Derbyshire tickled Pink with buy-to-let mortgage

The product, with a fixed rate of 5.38 per cent and available exclusively through Pink Home Loans, enhances the Derbyshire's current range of BTL products, which currently includes a three-year discount, three-year and five-year fixed rate and three-year and lifetime tracker mortgage terms at the same rate of 5.48 per cent.

The new product fixes interest at 5.38 per cent until May 31 2008 and has a maximum LTV of 80 per cent. It has a maximum exposure of £5m (10 properties max/£500,000 per property).

Tony Capon, Head of Intermediary Support and Development at The Derbyshire, said: "We are delighted to be able to further add to our portfolio of Buy-to-Let products through this exclusive arrangement with Pink Home Loans.

"This product is competitively priced and is expected to sell in significant volumes."