The first is a Self 85 fixed exclusive at 5.19% to 31/08/07 and reverts to bank base rate plus 1.79% thereafter. A feature of the product is that ERCs are only 2% during the promotional period and that the product comes with no completion fee.
The second is the House 2 House product at bank base rate plus 0.89% until 28/2/07 reverting to BBR plus 1.59% for the life of the loan. This product again features no completion fee and in addition has no ercs.
In addition there is also a Self 85 product that tracks base rate at 0.59% above until 31/10/06 and then +1.29% until 31/12/07 then reverting to BBR +1.49%. Ercs are again 2% within the discount period with no completion fee.
There is also a shared exclusive Next Move product that tracks bank base rate for the life of the loan at 1.19% again with no ercs and no completion fee.
Mark Howell, marketing manager at Pink Home Loans comments: "It is pleasing to see these competitive products from TMB and to be one of the first distributors to be offered new products. TMB have a long history of providing good service and these products should prove attractive to the market."
