The rate is a 3.25% two-year discount up to 60% LTV with no early repayment charges and a flat £1750 completion fee.
Andy Young, chief executive at TBMC, says: “We are delighted to offer this new exclusive buy-to-let mortgage with Hinckley & Rugby. The initial rate and flat completion fee make this a competitive product in the 60% LTV bracket.
“For those looking for a great rate and flexibility, this product has the additional benefit of having no early repayment charges.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby says: “We are continuing to pursue our buy-to-let mortgage targets for 2012 and are using TBMC’s specialist buy-to-let services to manage the distribution of certain key products.”