Mortgage Trust has launched a new two-year fixed rate, with zero product fee.

The buy-to-let product fixed at 4.25%, also comes with a free valuation and is available to private investor landlords purchasing or remortgaging a single, self-contained property.

John Heron, director of mortgages, said: “As far as we are aware this is the very best two year fix with no product fee in the buy-to-let market.

“There has been a trend over the last few years for landlords to buy – or intermediaries to sell – deeply discounted products with high product fees. Such products have their place in the market but landlords need to be aware that these erode equity and therefore reduce future options.

“This is a great product which does what it says on the tin – a top value fixed rate for buy-to-let borrowers. We don’t expect that this product will be around for long, so intermediaries will need to move quickly to secure this fixed rate for their landlord clients.”