Buy-to-let broker Mortgages for Business has worked with Platform to come up with a new semi-exclusive buy-to-let product.

The deal is a four-year fixed rate at 4.99% and is available at up to 70% loan to value on loans up to £500,000. It has an arrangement fee of 2% as well as a booking fee of £140.

Steve Olejnik, head of sales at Mortgages for Business, said: “Direct feedback from our clients with small property portfolios suggests that some landlords are becoming increasingly concerned about potential interest rate rises over the next couple of years. As a consequence