TBMC is offering a new 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.
There are no early repayment charges and a flat £2,450 completion fee.
“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,’ said Andy Young (pictured), chief executive at TBMC.
“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.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, added: “There is currently strong demand from landlords in the UK looking for buy-to-let finance. We are looking to attract good quality applications for loans up to 75% LTV and this product should deliver our target levels of new business.
“We have chosen to launch this new buy-to-let mortgage exclusively through TBMC, enabling us to manage distribution through its intermediary channels.”