TBMC has launched an 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 the deal should prove popular with brokers and their landlord clients and is a market-leader in the 75% LTV bracket.
He says: “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.”