Hinckley & Rugby Building Society has offered three buy-to-let (BTL) mortgages for limited companies to the whole of the intermediary market.
The three products comprise a two-year discount, a two-year fix and a five-year fix.
The mortgages are all available at up to 70 per cent loan to value and are designed for properties held within special purpose vehicle (SPV) limited companies with up to four shareholders.
The two-year discount charges 2.99 per cent, the two-year fix is at 3.10 per cent and the five-year fix rate is 3.55 per cent.
Each mortgage has an application fee of £250 while the completion fees are £1,250 for the two-year mortgages and £999 for the five-year fix.
All the products come with a scale valuation fee and the discount periods have no early repayment charges (ERC).
The ERC is two per cent for the two-year fix during the fixed period, while for the five-year fix it reduces from five per cent in year one to one per cent in year five.
Carolyn Thornley-Yates (pictured), head of sales and marketing at Hinckley & Rugby, said: “We invite all advisers to explore our range of BTL products for limited companies.
“It’s an option for intermediaries and their clients to consider, given the appetite for BTL investment and the tax regime faced by investors.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS