Buy-to-let products from the mutual including a 3.99% variable discount product up to 75% LTV and a 4.95% two-year variable discount up to 80% LTV will be distributed by TBMC for the first time.
Hanley will offer free valuations on all properties up to £250,000 or a contribution to houses valued above that figure.
Rob Hassall, business development manager at Hanley Economic Building Society, said the lender was expanding its scope in the buy-to-let sector to target extra demand.
“We are thrilled to be working with TBMC to launch our new buy-to-let mortgage rates. At Hanley, we have been looking at ways to extend our product portfolio to meet the needs of customers and identified the opportunity that the buy-to-let sector offers.
“The buy-to-let mortgage market has developed considerably over the last couple of years and these new products have been designed specifically to stand out from the crowd.
“We have chosen to team up with TBMC, whose expertise in the buy-to-let mortgage market and extensive distribution network will undoubtedly help us to reach our lending targets in this sector.”
Andy Young (pictured), chief executive at TBMC, said: “The 80% LTV product with a free valuation and no arrangement fee is particularly attractive, and should be popular with landlord clients looking to employ higher gearing in their property investments.
“The 75% LTV product with a discount for the full term of the loan will have high appeal with landlords, removing the need to seek to remortgage every two to three years.”
