" We are pleased to be partnering 3mc in introducing limited company buy-to-let which is an increasingly sought for alternative approach."
The Society has created two bespoke products for 3mc intermediaries – a two-year discount at 2.99% and a two-year fix at 3.30%, both available up to 70% LTV.
The ICR affordability assessment is 125% at 5.5%. Both have an application fee of £250, a completion fee of £1,250, no ERCs and a scale valuation fee.
Doug Hall, director at 3mc, said: “Our exclusive pair of limited company BTL mortgages from Hinckley & Rugby offer both great rates and the Building Society’s manual underwriting and individual consideration of all aspects of applications.
“With plenty of current and recent changes in the buy-to-let sector, including within the tax regime for landlords, having the ability to consider a corporate structure to ownership provides investors with more opportunities.”
Hinckley & Rugby's head of sales and marketing, Carolyn Thornley-Yates, added: “As a ‘can do’ lender, we are pleased to be partnering 3mc in introducing limited company buy-to-let which is an increasingly sought for alternative approach.
“There is a relative lack of lenders offering mortgages to be held in the name of a limited company, so we look forward to 3mc bringing our competitive products to brokers and their customers.”
