Andy Young, chief executive at TBMC, said: “We are delighted to be launching another buy-to-let exclusive with Hinckley & Rugby.
“Our existing Hinckley & Rugby exclusive, a 3.99% year discount up to 75% LTV, has been very popular and we are expecting equally high levels of interest in this new product. The rate is extremely competitive and will be a market leader in the 60% LTV bracket.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, added: “Buy-to-let lending is an area of growth for our organisation and we have been pleased with the success of our 75% LTV product within the buy-to-let mortgage market.
“We have now identified an opportunity to lend to landlords with larger deposits and expect this new product to generate good levels of new business. We have chosen TBMC as our distributor because of their expertise and experience in the buy-to-let sector.”