Aimed to specifically help landlords looking to capitalise on the current market slowdown, TBMC are offering funding for 100 per cent of the purchase price, providing that this does not exceed 85 per cent of the property value.
TBMC believes that the current buyers' market will provide 'the perfect platform' for landlords to purchase residential property at genuinely reduced prices from owners who are keen to sell.
Andy Young, TBMC's CEO said the product will target brokers' clients who are able to take advantage of the current market dynamics and acquire investment property bargains without having to find a deposit.
He said: "2008 looks set to be a promising year for landlords who have plenty of reason to be feeling optimistic and confident about the year ahead. There is an opportunity at the moment to drive genuine discounts off the true valuation of properties, rents are increasing and with interest rates likely to fall further, landlords can expect good returns on their buy to let property investments."
