TBMC Launch Web Site ‘Q & A’ for Intermediaries on - Does Regulation affect Buy to Let & Commercial Mortgages?
Cardiff based National Buy to Let specialist processor, The Business Mortgage Company (TBMC) has launched a Buy to Let & Commercial Mortgage ‘Questions & Answers’ on its web site at www.tbmc.co.uk.
Paul Rockett, a Director of TBMC said: “it is clear that there is still much uncertainty amongst many intermediaries as to what Buy to Let business they can transact after M-Day and with whom they can transact it.” Many are being misled by various quarters and we felt it was time to put the record straight.”
Paul added: “not only are many intermediaries unclear, but it also appears that some lenders are unsure as to what procedures they will adopt for Buy to Let & Commercial Mortgages. Many lenders don’t know how they will handle any of the very few cases that fall into the regulatory parameter and from whom they will accept business within these sectors and that’s a bit of a worry with only days to go!”
