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TBMC launches Hinckley & Rugby buy-to-let exclusive

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  • 06/08/2012
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TBMC launches Hinckley & Rugby buy-to-let exclusive
TBMC has partnered with Hinckley & Rugby Building Society to launch a two-year fixed rate buy-to-let deal.

The new product is available for loans up to 75% LTV, with a fixed rate of 3.50% and no early repayment charges. A completion fee of 3.50% also applies.

The Cardiff-based broker has joined forces with the building society several times in the past 12 months.

Andy Young, chief executive at TBMC, said: “We are delighted to launch this new 2 year fixed rate with Hinckley & Rugby available exclusively via TBMC.

“This is an excellent addition to the existing exclusive discounted products that we offer through the building society.

“The product is highly competitive in the 2 year fixed rate bracket and the low initial rate with no ERCs should make this attractive to brokers and their landlord clients.

“We continue to work well with the team at Hinckley & Rugby, helping to implement their buy-to-let strategy, and look forward to distributing this product via our intermediary channels.”

Gill Vernau, head of intermediary development at Hinckley & Rugby, added: “We have already experienced a high demand for our two year discounted buy-to-let products distributed via TBMC, putting us on track for our business targets this year.

“However, we are continually looking to develop our product range and this new two year fixed rate will provide an excellent alternative for landlords looking to fix their costs.”

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