TBMC has launched two exclusive buy-to-let mortgage products with the Hanley Economic Building Society.
These include a 3.50% variable term discount up to 75% LTV with no arrangement fee, and a 4.09% variable term discount up to 80% LTV with a £999 arrangement fee.
Andy Young (pictured), chief executive if TBMC, said: “We are delighted to be working closely with Hanley Economic Building Society to develop its buy-to-let mortgage offering in 2014. Both of these new buy-to-let rates are market-leading, there is no completion fee on the 75% LTV rate and there are no Early Repayment Charges after two years for either product.
“In the current marketplace, with historically low interest rates, choosing a variable buy-to-let mortgage can be financially favourable for landlord clients. These new products are keenly priced and without a long term tie-in, we are expecting them to be a popular choice.”
Rob Hassall, business development manager at Hanley Economic Building Society, added: “2014 is likely to be another good year for the buy-to-let sector and we are developing our mortgage proposition to offer highly attractive products for landlords. These new buy-to-let rates are very competitive and will also appeal to those looking for a longer term product.
“We have chosen to team up with TBMC, whose experience and knowledge in the buy-to-let mortgage market will enable us to distribute our products to our target customers and help reach our intended lending levels for 2014.”
