New BTL exclusive offered by TBMC

Published on

Andy Young of TBMC

TBMC has launched a new exclusive two-year fixed rate buy-to-let mortgage with the Hinckley & Rugby Building Society.

The deal is priced at 3.25%, fixed for two years and is available up to 75% LTV.

It comes with a 3% completion fee and no early repayment charges.

“This new exclusive buy-to-let mortgage is an excellent product and very competitive in the 75% LTV bracket for two-year fixed rates,” said Andy Young (pictured), chief executive at TBMC.

“As two-year rates are generally popular with brokers and their landlord clients, we are expecting to receive a high demand for this product.”

“As the buy-to-let market has expanded during 2012, we have seen an increasing level of competition and TBMC has been working with a number of lenders to design specific products to meet the needs of landlords, based on our market research. We now have a range of exclusives with Hinckley & Rugby which have generated a high level of new applications.”

Gill Vernau, responsible for intermediary development at Hinckley & Rugby, added: “Hinckley & Rugby’s buy-to-let proposition has been very successful so far this year and we are focussed on offering a range of highly competitive products for buy-to-let property investors. This new two-year fixed rate at 3.25% is even better than our previous exclusive deal through TBMC and should attract a lot of interest.

“Using selective distribution for certain products is proving to be a good strategy for us in the buy-to-let arena.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...