The buy-to-let deals include a two-year fixed rate at 2.99% up to 60% LTV, with a completion fee of £2,495. In addition, there is a two-year discounted rate at 2.99% up to 60% LTV, with a completion fee of £1,249.

Both deals also have a booking fee of £250 and no ERCs.

Andy Young, chief executive at TBMC (pictured), said:

“The 2.99% two-year fixed rate is a fantastic product in the 60% LTV bracket and will be very popular with landlords looking to fix their costs.

“The fact that both products have no ERCs provides a great opportunity for property investors, who may be wary of future interest rate changes.’

Gill Vernau, responsible for intermediary development at the Hinckley & Rugby, said:

“We are very keen to develop buy-to-let mortgage products that meet the needs of landlords.

“These two products are an excellent option for landlords with higher deposits and we are expecting a high level of interest. They are well priced in the short term and offer great flexibility.”