The deal has no early repayment charges and a flat completion fee of £1,750.

Andy Young (pictured), chief executive at TBMC said the initial rate and flat completion fee makes it a competitive product in the 60% LTV bracket.

He said: “For those looking for a great rate and flexibility, this product has the additional benefit of having no early repayment charges.”

Gill Vernau, responsible for intermediary development at Hinckley & Rugby added: “We are expecting this new exclusive to drive good levels of business from landlord clients with higher deposits and it complements our existing product range very well.”