TBMC launches buy-to-let product with Hinckley and Rugby BS

Buy-to-let and commercial mortgage specialist TBMC has launched an exclusive buy-to-let mortgage with Hinckley and Rugby Building Society.

The initial rate is 3.74 per cent for two years, representing a 1.90 per cent discount to the lender’s SVR up to 75 per cent. The product comes with a fixed completion fee of £1,999 and no early repayment charges.

TBMC chief executive Andy Young says: “We have a very successful relationship with Hinckley & Rugby and have experienced high demand for their buy-to-let mortgage products. This new product is even more competitive than our previous 75 per cent LTV exclusive with Hinckley & Rugby and should sell well via our intermediary distribution.”

“Hinckley & Rugby continues to demonstrate a keen appetite for buy-to-let lending and is currently offering some great products to meet the needs of landlords, which are proving popular with our business introducers.”