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

The deal is is a 3.99% discounted rate for two years available and is up to 75% LTV. There is no early repayment charges.

Andy Young, chief executive of the buy-to-let and commercial mortgage distributor, said: “[The deal] should prove popular with brokers and their landlord clients and is a market-leader in the 75% LTV bracket. It is encouraging news for the buy-to-let mortgage market that more lenders are increasing their lending activity and offering special buy-to-let deals via intermediaries.””