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TBMC launches exclusive deal with Hinckley & Rugby BS

TBMC has launched an exclusive buy-to-let mortgage product with Hinckley & Rugby Building Society.

Andy Young

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.”




A base rate increase is on its way, depending on how long Mervyn King can keep the Bank of England members of the MPC to hold the line, and Halifax has listened to feedback and improved services to brokers


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