Landlord Centre, the online buy-to-let mortgage specialist, has launched two new exclusive buy-to-let mortgages through Hinckley & Rugby Building Society.
These include a 2.72 per cent two year discount (2.92 per cent off the lender’s Standard Variable Rate) up to 60 per cent loan to value with a £2495 arrangement fee, and a 2.85 per cent two year fixed rate up to 60 per cent LTV with a £1950 arrangement fee. Both products have a free valuation for properties up to £1,000,000, a cashback of £250 and there are no early repayment charges.
Andy Young, chief executive at Landlord Centre, said: “We have been working closely with Hinckley & Rugby to design highly competitive buy-to-let mortgages to meet the needs of landlords and these new 60 per cent LTV products are outstanding. The 2.72 per cent two year discount is, in fact, the lowest buy-to-let rate that Landlord Centre has ever offered. The free valuation for properties up to £1,000,000 and £250 cashback makes it even more attractive in the current marketplace and we are expecting a high level of interest.
“For landlords who prefer to fix their monthly costs, the 2.85 per cent two year fixed rate is an excellent choice. These new product offerings demonstrate Hinkley & Rugby’s commitment to the buy-to-let mortgage market and to selective distribution through specialist buy-to-let brokers like Landlord Centre.”
Carolyn Thornley-Yates, responsible for intermediary development at Hinckley & Rugby, said: “The buy-to-let mortgage sector is becoming more competitive and the demand from landlords is ever present. Hinckley & Rugby has kept a close eye on recent buy-to-let developments and has the capability to re-design its products to meet the changing environment.
“These new 60 per cent LTV rates are keenly priced and provide a great opportunity for landlords currently looking to purchase or remortgage buy-to-let properties.”
