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

It is priced at 3.50% fixed for two years and is available up to 75% LTV.

It comes with a 3.50% completion fee and no early repayment charges.

“This is an excellent addition to the existing exclusive discounted products that we offer through the building society,” said Andy Young (pictured), chief executive at TBMC .

“The product is highly competitive in the two-year fixed rate bracket and the low initial rate with no ERCs should make this attractive to brokers and their landlord clients.

“We continue to work well with the team at Hinckley & Rugby, helping to implement their buy-to-let strategy, and look forward to distributing this product via our intermediary channels.”

Gill Vernau, responsible for intermediary development at Hinckley & Rugby, added: “We have already experienced a high demand for our two-year discounted buy-to-let products distributed via TBMC, putting us on track for our business targets this year.

“However, we are continually looking to develop our product range and this new two-year fixed rate will provide an excellent alternative for landlords looking to fix their costs.”