TBMC received £350 million in applications in May smashing April’s previous highest record of £220 million. For the five month period to May 2007 TBMC’s business is 37% up over the same period last year.
Andy Young, chief executive at TBMC, said:
‘We have been highly focused on our Buy to Let product offering in recent months, working closely with lenders to release products that have made our proposition extremely competitive and at the forefront of the market, especially in areas where there has been a high demand from intermediaries.’
‘TBMC has also provided a number of market leading fixed rates that are available exclusively to intermediaries through TBMC. By keeping a close eye on how the market is performing and what is selling, we have been able to ensure that TBMC is providing the products that intermediaries are looking for.’
Young continued, ‘Interestingly, despite repeated suggestions by some industry pundits that the market is slowing down, our results for the month of May was split 58% purchases and 42% remortgages, which suggests that the market is still growing’
‘I am obviously delighted with last month’s results and will remain focused on delivering a winning proposition and high service standards that today’s Buy to Let market demands.’
