Whichever is the lower and is available for refinance propositions as well.
Mike Staight, Head of commercial lending at TBMC, said: “This scheme is only available through TBMC and one other broker in the UK and we are sure our distribution channels will welcome this opportunity to access this exclusive.”
Mike added: “Traditionally this type of lending is restricted to 70-75% of the value. The scheme is available to many types of owner-occupied commercial sectors including retail outlets, light industrial, offices, factories, warehouses etc. Rates are very competitive and yet the proc fees we pay to our introducers are also very attractive.
We are delighted that the Abbey chose TBMC for this exclusive and we expect to see a lot of new business interest in the scheme.”
