It has an application fee of £250 and a completion fee of £1,250. There is a free valuation on properties worth up to £1 million.
Hinckley & Rugby has also launched a 2.55% five-year fixed buy-to-let at up to 60% LTV. The application fee is £250 and the completion fee is £999. There is a scaled valuation fee and ERCs step down from 5% in year one to 1% in year five.
Hinckley & Rugby's head of intermediary sales, Carolyn Thornley-Yates, said: “Landlords can benefit from our manual approach to underwriting which includes the consideration of personal income to support rental income, and joint borrower/sole proprietor arrangements.”
