TBMC has launched a new buy-to-let exclusive with Hinckley & Rugby Building Society.

The buy-to-let and commercial mortgage specialist is offering the deal – a 3.25%, two-year discount up to 60% LTV – with no early repayment charges and a flat £1750 completion fee.

“We are delighted to offer this new exclusive buy-to-let mortgage with Hinckley & Rugby,” said Andy Young, TBMC’s chief executive.

“The initial rate and flat completion fee make this a competitive product in the 60% LTV bracket. For those looking for a great rate and flexibility, this product has the additional benefit of having no early repayment charges.”

Gill Vernau, will is responsible for intermediary development at Hinckley & Rugby, added: “We are continuing to pursue our buy-to-let mortgage targets for 2012 and are using TBMC’s specialist buy-to-let services to manage the distribution of certain key products.

“We are expecting this new exclusive to drive good levels of business from landlord clients with higher deposits and it complements our existing product range very well.”