Paul Rockett, TBMC’s Sales & Marketing Director said; “This rate, that is only available to TBMC through UKCFG and one other distribution channel, has been confirmed by Business Moneyfacts as the lowest fixed rate for an 85% LTV product with no extended tie-in penalties. The rate is Fixed until 31st March 2006, and also boasts full flexibility”
Brief details are: -
Buy to Let
5.45% Fixed to 31.03.06
6% Redemption Penalty during fixed period only
85% LTV
0.75% Lenders Arrangement Fee (added to advance)
Paul added; “ We believe our brokers and network connections will enjoy this very attractive fixed rate product and we expect demand to be brisk. Using such a low fixed rate as the rental stress test will ensure the borrower is able to secure the maximum borrowing for either purchase or refinance”.
