The product is a 3.99% discounted rate for 2 years available up to 75% LTV and with no early repayment charges.
Commenting, Andy Young, chief executive at TBMC said: “Following on from the two exclusive schemes we launched last week, we are delighted to now offer another new exclusive - a 3.99% 2 year discounted rate from Hinckley & Rugby Building Society with no early repayment charges.
“It should prove popular with brokers and their landlord clients and is a market-leader in the 75% LTV bracket. It is encouraging news for the buy-to-let mortgage market that more lenders are increasing their lending activity and offering special buy-to-let deals via intermediaries.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, said: “The buy-to-let mortgage market is going to be one of the growth sectors in 2011 and Hinckley & Rugby is looking to increase its level of lending in this specialist area. We have chosen TBMC to work with us to help achieve our targets as they have a wealth of experience in the buy-to-let mortgage market. TBMC’s expertise in processing will also help to ensure we receive the right quality of applications.”
