Pink Home Loans is offering a buy to let mortgage backed by Mortgage Express with a fixed rate of 5.85 per cent until September 2007.
The mortgage reverts to Ban of England base rate, currently 4 per cent, plus 1.75 per cent and is available up to 85 per cent loan to value.
Redemption within the fixed rate period incurs a charge of six months interest at the fixed rate. The arrangement fee is £399 and the introducer's fee is 0.25 per cent.
Tony Jones, managing director at Pink Home Loans comments: "We would advise borrowers that a buy to let property should be part of a wider spread of investments and to take a long-term view. The choice of property and area is crucial to obtaining optimal results and researching the local housing and lettings market is crucial."