TBMC launch 3.25pc 2-year fix at 75pc LTV

Robyn Hall

October 22, 2012

The product has a 3% completion fee and no early repayment charges.

Andy Young, chief executive at TBMC, said: “This new exclusive buy-to-let mortgage is an excellent product and very competitive in the 75% LTV bracket for 2-year fixed rates.

“Given the popularity of 2 -year rates with brokers and their landlord clients, we expect to receive a high demand for this product.”

Young said TBMC has been working with a number of lenders to design specific products to meet the needs of landlords, based on its market research.

He said: “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: “This new 2-year fixed rate 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.”

Sign up to our daily email