The mortgage has an application fee of £250 and a completion fee of £1,250 which can be added to the loan as long as the LTV does not exceed 75%. The discounted rate is 1.45% off the society’s basic standard variable rate.
Hinckley & Rugby business development manager, Carolyn Thornley-Yates, said: “This is a very attractive mortgage for investors in buy-to-let. It is backed by our outstanding levels of customer service and individual approach to underwriting.”
The product does not have any early repayment charges.