The two products are being offered at a discount to the lender’s core range of five fixed rate products in terms of rates and fees.
TMA Club has launched two exclusive holiday let products from West One for its DA brokers, with the deals offered at 65% loan-to-value (LTV) and 70% LTV.
The two products are being offered at a discount to the lender’s core range of five fixed rate products in terms of rates and fees.
The deals on offer are 3.54% and 3.74% to 65% and 70% LTV respectively (both with a 1.75% fee), compared to West One’s core range at 4.09% to 75% LTV with a 2% fee.
In addition, the Early Redemption Charge is only applicable in the first three years despite being a 5-year fixed rate product
Lisa Martin, development director at TMA, said: “West One’s exclusive holiday let products should prove appealing to our DA intermediaries.
"Holiday buy-to-lets are popular investments, so these products are coming at the right time for brokers with an interest in this market.
"TMA’s DAs can now offer an even more extensive range of tailored lending solutions to meet specific needs in this segment of the buy-to-let (BTL) space.
"Our advisers also benefit from our market-leading broker support team and our programme of workshops for TMA members to ensure they all the information they need about the full range of specialist products and services available for TMA advisers.”
Andrew Ferguson, BTL managing director at West One, added: “We have been impressed with TMA ever since we joined the panel earlier this year.
"TMA provides a lot of practical support to advisers and lenders alike and as widening our distribution through mortgage clubs and networks is a central part of our growth strategy for our buy-to-let business, these types of partnership are important to us.
"The holiday lets niche is a small but significant part of the overall BTL market and these exclusive deals should appeal to advisers searching for competitively priced holiday let products.”
