Mortgages

Hinckley & Rugby expands limited company BTL offering

Rozi Jones
|
3rd December 2019
hinckley rugby bs building society H&R
"It’s an option for intermediaries and their clients to consider, given the appetite for BTL investment and the tax regime faced by investors."

Hinckley & Rugby Building Society has launched three new whole of market buy-to-let mortgages for limited companies.

The new range includes a two-year discount at 2.99%, a two-year fix at 3.10% and a five-year fix at 3.55%, all available up to 70% LTV with a £250 application fee. The completion fees are £1,250 for two-year products and £999 for the five-year fix.

All products are designed for properties held within special purpose vehicle limited companies with up to four shareholders.

Carolyn Thornley-Yates, head of sales and marketing at Hinckley & Rugby, said: “We invite all advisers to explore our range of BTL products for limited companies. It’s an option for intermediaries and their clients to consider, given the appetite for BTL investment and the tax regime faced by investors. By talking to us about their ambitions we can bring our manual underwriting into play for their clients.”

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