Andy Young, chief executive at TBMC, said: “We are delighted to be working closely with Hanley Economic Building Society to develop its buy-to-let mortgage offering in 2014. Both of these new buy-to-let rates are market-leading, there is no completion fee on the 75% LTV rate and there are no Early Repayment Charges after two years for either product.
“In the current marketplace, with historically low interest rates, choosing a variable buy-to-let mortgage can be financially favourable for landlord clients. These new products are keenly priced and without a long term tie-in, we are expecting them to be a popular choice.”
Rob Hassall, business development manager at Hanley Economic Building Society, said: “2014 is likely to be another good year for the buy-to-let sector and we are developing our mortgage proposition to offer highly attractive products for landlords.”
