When Halifax and Bank of Scotland merged in September 2001 to form the HBOS Group, TMB’s already strong pedigree was further enhanced.
Customer focus
TMB continually asks introducers what they think, listens to what they say and then takes action to deliver what they have asked for. With excellent service at the heart of everything it does, TMB hasn’t needed to adopt ‘price war’ tactics to fuel its rapid growth. TMB has consistently proved itself to be one of the top performing specialist intermediary lenders and its mortgage portfolio is valued at more than £9 billion, with over 68,000 customers.
Innovation
To successfully compete in the mortgage market, intermediaries often need to be problem solvers. TMB supports this need to stay ‘one step ahead of the high street’ by providing innovative mortgage solutions. TMB has always been a leading provider of niche mortgages. The company has pioneered flexible mortgages and extended these facilities across its product range including Buy-to-Let mortgages.
Individuality
“Standard” applicants are a thing of the past. Today, applicants for mortgages can include people who are self-employed, contract workers and those with multiple sources of income. TMB has an alternative approach to this sector of the market and provides flexible products that benefit brokers and customers alike.
PRODUCT RANGE
“True” Self-Certification of Income
Owners of small business’ and self-employed people minimise their incomes for tax purposes, which can then limit the amount they are able to borrow. Contract workers, sales people who work on commission and people whose income is seasonal can face a similar problem. TMB offers true Self-Certification across virtually all its mortgages, even when applicants have been in business for as little as 12 months. This means that applicants are not required to supply accounts or other documentary evidence to prove their income. Some lenders promise Self-Certification yet still ask for bank statements or an accountant’s letter of serviceability, undermining the entire concept. TMB simply asks for a signed declaration certifying the applicant’s total annual income from all sources.
Flexible Mortgages
TMB's flexible products include the five defining features of this type of mortgage: regular overpayments, lump sum repayments, underpayments, payment holidays and equity withdrawal. Interest is charged daily and the product benefits are simply explained with few restrictions providing a true lifestyle facility.
Investment Opportunities
Buy-to-Let (House 2 House)
This enables customers to buy an additional property to let out for income, benefiting from potential returns that can be very attractive over the medium to long term.
Let-to-Buy (Next Move)
TMB was one of the first lenders to offer this type of mortgage, which is designed for people who want to move home but also want to keep their original property as an investment. This facility can also be used when customers are relocating to another part of the country and as a way to avoid negative equity when prices are falling.
Developing a property portfolio
TMB’s Multi Buy-to-Let product is designed for those who want to build an investment portfolio, on a self-financing basis, to a maximum portfolio of £5 million across the HBOS Group.
Flexible Investment Mortgages
TMB was one of the first lenders to offer flexible facilities on Buy-to-Let and Let-to-Buy mortgages. This allows customers to overpay when a property is fully let, then use that surplus to fund underpayments in void periods. Customers can also draw down funds from their accounts at home loan rates to finance property refurbishment and similar expenses.
Award Winning
TMB prides itself on its excellent service to intermediaries and this has been recognised with numerous industry awards.
Prestige
Prestige is a bespoke service for clients of intermediaries who would like to borrow more than £500,000. With the high level of borrowings and the complex income streams that many such clients have, they receive personal attention from a member of the Prestige team through every stage of their application - an exceptional service that also enhances the reputation of the Introducer.
For more information on TMB products, intermediaries should call 08457 253253*
The Mortgage Business will be on Stand E52 at Mortgage Business Expo at Earl's Court Two on Wednesday 15th & Thursday 16th November 2006.
*Telephone calls may be recorded for security purposes and monitored under our quality control procedures.
Information is available in large print, audio and Braille on request; please call for details. You may contact us using Type Talk.
Please note that information is for use by authorised intermediaries only, and as such must not be given or distributed to potential customers.
