Hinckley and Rugby Building Society has launched three new buy-to-let products, including a new 2-year fixed-rate mortgage at up to 90% loan-to-value (LTV).
The products are available through the lender’s direct-to-lender mortgage club, which offers support to brokers.
The lender’s standard 2-year fixed-rate mortgage has a rate of 4.99% and is designed for borrowers with smaller deposits, while the standard buy-to-let product is aimed at first-time buyers and landlords looking to expand their portfolio.
The lender’s non-owner buy-to-let product is designed for borrowers who do not own their own home but wish to purchase or remortgage an investment property.
The products are available with a range of fees and interest rates, depending on the borrower’s circumstances.
While the lender’s top-slicing product is suitable for borrowers whose rental income does not meet the minimum interest cover ratios, but can use personal income to top-up the rental income.
