The exclusive comes with a 2.69% two-year discounted rate from the lender Standard Variable Rate, currently 5.64%, and is available at 60% loan to value. It has a £1,250 completion fee (which can be added to the loan as long as it does not exceed the maximum LTV) and a £250 booking fee.
Free valuation is offered on properties valued up to £1 million. The maximum loan is £300,000 and there are no early repayment charges.
Managing director Ying Tan says:
“There is no doubt this is a fantastic product and we're really pleased to be able to offer it as an exclusive to our club members. This is one of many great deals we've been able to offer our members since our launch just a few months ago.”
Carolyn Thornley-Yates, Business Development Manager at Hinckley and Rugby Building Society said:
"We are pleased to offer yet another attractive mortgage to members of The Buy to Let Business Mortgage Club. We believe the combination of very low fees, no early repayment charges and our policy of underwriting cases individually will prove popular with both brokers and their clients."
