The Hinckley & Rugby Building Society has unveiled a pair of new buy-to-let mortgages.
These include an offset mortgage product, a lifetime discount at up to 75% LTV that charges 2.89%. It has an application fee of £250 and the completion fee is £1,250. There is a free valuation on properties worth up to £1 million.
The second new mortgage is a 2.55% five-year fixed buy-to-let at up to 60% LTV. The application fee is £250 and the completion fee is £999. There is a scaled valuation fee and ERCs step down from 5% in year one to 1% in year five.
Carolyn Thornley-Yates, the Hinckley & Rugby’s head of intermediary sales, said: “Landlords can benefit from our manual approach to underwriting which includes the consideration of personal income to support rental income, and joint borrower/sole proprietor arrangements.”