Online mortgage provider Landlord Centre has launched a new buy-to-let mortgage through Hinckley & Rugby Building Society.
The initial rate of the product is 3.74 per cent for 2-years, a 1.9 percentage point discount from the lenders Basic Variable Rate.
It is available up to 75 per cent loan-to-value (LTV) with a fixed completion fee of £1,999 and no early repayment charges.
Landlord Centre chief executive Andy Young said: “We have a very successful relationship with Hinckley & Rugby and have experienced high demand for their buy-to-let mortgage products.
This new product is even more competitive than our previous 75 per cent LTV buy-to-let deal with Hinckley & Rugby and should be popular with our landlord customers.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, added: “The buy-to-let market continues to provide great opportunities for landlords and therefore also great opportunities for brokers working in this sector.
“Our aim has been to create a number of highly competitive buy-to-let mortgages in specific segments of the market and to fulfil our target lending levels for this year.
“Our strategy of distributing our products through selected intermediaries is working well towards reaching our business goals for buy-to-let in 2012.”
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