TBMC launches BTL exclusive with Rugby Building Society
Share
TBMC, the buy-to-let and commercial mortgage specialist, has launched a new exclusive buy-to-let mortgage product with Hinckley & Rugby Building Society.
The product is a 3.99% discounted rate for two- years available up to 75% LTV and with no early repayment charges.
Andy Young, chief executive at TBMC says: “Following on from the two exclusive schemes we launched last week, we are delighted to now offer another new exclusive; a 3.99% two- year discounted rate from Hinckley & Rugby Building Society with no early repayment charges.
’It should prove popular with brokers and their landlord clients and is a market-leader in the 75% LTV bracket. It is encouraging news for the buy-to-let mortgage market that more lenders are increasing their lending activity and offering special buy-to-let deals via intermediaries.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, says: ‘The buy-to-let mortgage market is going to be one of the growth sectors in 2011 and Hinckley & Rugby is looking to increase its level of lending in this specialist area.
“We have chosen TBMC to work with us to help achieve our targets as they have a wealth of experience in the buy-to-let mortgage market and look forward to working with them to develop our product range and manage distribution. TBMC’s expertise in processing will also help to ensure we receive the right quality of applications.’
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
