Andy Young, MD at TBMC has reported a significant growth in Buy to Let business over the last 4 months. Young said: “New business in the last 4 months of 2005 is up almost 26% on Jan – April, with new applications amounting to over £440m! Whilst TBMC has broken the £100m new business mark on regular occasions over the last few years, it has never, until now, achieved this over four consecutive months. And with the last 2 months average of over £115m, the growth in Buy to Let continues in line with our overall plan for growth in 2005.”
Young added: “As we continue to strengthen our relationships with existing lenders, networks and brokers and take on selective and strategic new partners, we expect this growth to continue well into 2006 and beyond. TBMC has had several recent opportunities to cement new network relationships,
but we must also ensure that we can balance growth with service, which is a priority for brokers.”
Young concluded: “We know we already offer the very best products within the Buy to Let arena and this, together with top notch procuration fees, ensure we offer the best value for our intermediaries, but we will continue to strive for perfection!”
