Dale Jannels, managing director of AToM, says: “The Hinckley & Rugby Building Society have delivered a truly competitive buy-to-let product for AToM to exclusively distribute. There are plenty of buy-to-let offerings in the current market, but this one has a reasonable arrangement fee compared to many others and it is not subject to credit scoring.
’With a two- year fixed rate of just 3.99% and a manual underwriting review, we have no doubt consumers will like this offering. Hinckley & Rugby have demonstrated a really positive outlook and we are excited to be working with them.”
Product terms include a 3.99% fixed rate for two-years up to 65% LTV. A completion fee of £1295 is added to the loan within LTV. A funds booking fee of £399 is required upfront. ERC’s are 3% year one and 2% year two. No credit scoring. Rental calculated at 135% of pay rate.