These include a 3.49% 2 year fixed rate up to 75% LTV with a £995 arrangement fee, a 2.99% 2 year discount (2.65% off the lender’s SVR) up to 75% LTV with a £2495 arrangement fee, and a 2.85% 2 year discount (2.79% off the lender’s SVR) up to 60% LTV with a £2495 arrangement fee. There are no early repayment charges for these products.
Andy Young, chief executive at TBMC, says:
“We are delighted to begin 2013 with a new set of exclusive buy-to-let products with Hinckley & Rugby and these new rates are certainly very competitive. TBMC delivered a significant number of buy-to-let applications through Hinckley & Rugby in 2012 and we are expecting to write even more business with them in 2013.
“We feel confident that the buy-to-let mortgage market will remain robust this year, with some great deals being offered by lenders and presenting excellent opportunities for brokers and landlords alike.”
Carolyn Thornley-Yates, responsible for intermediary development at Hinckley & Rugby, says:
“Hinckley & Rugby is highly focussed on its buy-to-let mortgage proposition for 2013, following on from a successful year in 2012. We are expecting to grow our buy-to-let mortgage business this year and remain committed to our distribution strategy through TBMC, whose expertise in the buy-to-let market has been of great value.
“2012 was an encouraging year for buy-to-let and there is now more competition in the mortgage market, therefore Hinckley & Rugby has carefully designed these excellent new products to stand out from the crowd. We are expecting them to attract a high level of interest.”
