Hinckley & Rugby for Intermediaries has launched new buy-to-let (BTL) two-year discounted products available up to 80% loan-to-value (LTV).

The new range of two-year discounted products have rates starting from 4.99%, and are available for landlord borrowers seeking to purchase or refinance.

Alongside the new discounted range, Hinckley & Rugby has reduced the rate on its limited-company BTL two-year discounted product at 70% LTV by 0.4%, from 5.40% to 5%, which comes with a £1,249 fee.

The lender said the changes were intended to support brokers working with a broad range of landlord borrower clients, including those seeking shorter-term flexibility during an uncertain time for interest rates.

Hinckley & Rugby for Intermediaries head of mortgage sales and distribution Laura Sneddon says: “Five-year fixed-rates have been the default for many landlords for a reason, particularly from an affordability and rental coverage perspective, but that doesn’t always reflect how clients are thinking in the current market.”

“What we are seeing more often now is brokers weighing up that trade-off more carefully. While fixed-rates can work well from that point of view, not every landlord wants to lock in at today’s pricing.”