The deal is available up to 65% LTV, with a booking fee of £250 and completion fee of £1,295.
Andy Young, chief executive at TBMC (pictured), said: “This is a really competitively priced fixed rate and will be very attractive to landlords looking to fix their costs for the next couple of years, especially given the current fragility of the UK economy. The low initial rate and flat fee will help to make this product stand out.”
Gill Vernau, responsible for intermediary development at the Hinckley & Rugby, said: “Hinckley & Rugby is continuing to develop its buy-to-let mortgage proposition, with careful management of our product design and distribution strategies.
“We believe this product is very well priced and should meet the needs of landlords looking to fix over the short term.”
