The products are a 2-year, 2.99% fixed rate available up to 60% loan to value with £2495 completion fee, and a 2-year discounted rate available up to 60% LTV with a £1249 completion fee.
Both carry a booking fee of £250 and there are no ERCs for either product.
Commenting, Andy Young, chief executive at TBMC, said: “We are delighted to launch these two new buy-to-let products with Hinckley & Rugby, which are available exclusively to intermediaries via TBMC.
“The 2.99%, 2-year fixed rate is a fantastic product in the 60% LTV bracket and will be very popular with landlords looking to fix their costs.
“The fact that both products have no ERCs provides a great opportunity for property investors, who may be wary of future interest rate changes.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, added: “We are very keen to develop buy-to-let mortgage products that meet the needs of landlords.
“These two new products are an excellent option for landlords with higher deposits and we are expecting a high level of interest. They are well priced in the short term and offer great flexibility.
“We are delighted to build further on a very successful relationship with TBMC, enabling us to control volumes and be confident of good quality applications.”
