Andy Young, chief executive at TBMC, said: “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 past 12 months. 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.”
