In addition, there is a 3.15% two-year discount rate up to 60% LTV, with a £1,249 completion fee.
Both mortgages have a booking fee of £250 and no early repayment charges.
Andy Young, chief executive of TBMC, said: “Our initial exclusives with Hinckley & Rugby have been very popular and these new rates are even more competitively priced. Therefore we expect a high level of interest from brokers and their landlord clients.”
Gill Vernau, responsible for intermediary development at Hinckley & Rugby, said: “The buy-to-let mortgage market is continuing to show signs of growth as property prices remain low and rental demand is high. Our initial buy-to-let offering via TBMC has been successful and we are keen to continue offering highly competitive products to property investors in the buy-to-let sector.”
