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Hinckley & Rugby launches BTL limited company mortgages

Hinckley & Rugby Building Society has launched three buy-to-let mortgages for limited companies.

The products include a two-year discount, a two-year fix and a five-year fix, all of which are available at up to 70% loan-to-value (LTV) and are designed for properties held within special purpose vehicle (SPV) limited companies with up to four shareholders.

The two-year discount is offered at 2.99%, the two-year fix is available at 3.1%, while the five-year fix charges 3.55%. 

Each mortgage has an application fee of £250. The completion fees are £1,250 for the two-year mortgages and £999 for the five-year fix. Each has a scale valuation fee.

The discounted product has no ERCs, while the fixed rate deal has ERCs set at 2%. 

Carolyn Thornley-Yates,  head of sales and marketing at Hinckley & Rugby, commented: “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. By talking to us about their ambitions we can bring our manual underwriting into play for their clients.”

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