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TBMC launches 3.85% B2L exclusive with Hinckley & Rugby

TBMC has launched a buy-to-let exclusive with Hinckley & Rugby Building Society.

The rate is a 3.85% two-year discount from the lender’s SVR up to 75% LTV with no early repayment charges and a flat £2,450 completion fee.

Andy Young, chief executive at TBMC, says: “We are continually looking to develop our range of exclusive buy-to-let products with lenders and have written a substantial level of business with Hinckley & Rugby during the last 12 months. This specially designed exclusive is very competitive in the 75% LTV bracket and should attract a high level of interest from brokers and their landlord clients.”



Scotland consults on replacing tax

The Scottish government has launched a consultation which proposes replacing Stamp Duty with a more progressive tax. It would come into force from April 2015 when tax-raising powers will be given to the Scottish Executive under the Scotland Act 2012. The Stamp Duty proposals include changing the structure of the tax to a progressive system […]


First-time buyer loans down 48% in April

The number of first-time buyer loans dropped by 48% in April, compared to March, as a result of the Stamp Duty concession coming to an end.


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