All four of the new TMB products are self certification, which means they are suited to people who are contract workers, self employed or freelance. Each offers a range of benefits to self builders and renovators, including; a two-year fixed, a three-year fixed, a tracker and a cash back mortgage. All offer a loan-to-value (LTV) of 85 per cent and are available as an interest only or repayment only loan, or as a mixture of both.
TMB's lending philosophy is based on the individual assessment of every customer, for example, on customers' ability to repay the mortgage, rather than on an income multiple as with most high street lenders.
Raymond Connor, founder and chief executive at BuildStore said: "Self builders and renovators have an entrepreneurial spirit and a great many are self employed so our latest range of self cert mortgages is likely to be very popular. BuildLoan continues to strive to provide the widest possible choice and flexibility to brokers, enabling them to respond to their clients' individual needs."
