The rate is 3.50% fixed for two years available up to 75% LTV with a 3.50% completion fee and no early repayment charges.
Andy Young, chief executive at TBMC says:
“We are delighted to launch this new 2 year fixed rate with Hinckley & Rugby available exclusively via TBMC. This is an excellent addition to the existing exclusive discounted products that we offer through the building society. The product is highly competitive in the 2 year fixed rate bracket and the low initial rate with no ERCs should make this attractive to brokers and their landlord clients.”
“We continue to work well with the team at Hinckley & Rugby, helping to implement their buy-to-let strategy, and look forward to distributing this product via our intermediary channels.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, says:
“We have already experienced a high demand for our 2 year discounted buy-to-let products distributed via TBMC, putting us on track for our business targets this year. However, we are continually looking to develop our product range and this new 2 year fixed rate will provide an excellent alternative for landlords looking to fix their costs.”
