The range offers two new highly competitive products; one with a 2 year BBR at 4.99% and no Early Redemption Charges, and the second product offering a rate without HLCs or ERCs.
The TMB House 2 House range is available for applications on True Self-Cert, True Salary-Cert and Full Status and on loans up to £500k at up to 85% LTV for Purchase or Remortgage.
Nigel Payne, managing director of The Mortgage Business said: “We are delighted to launch these new house-to-house products. In some areas of the country, a robust buy to let market might restrict the level of rental income and the House 2 House scheme addresses this by basing the lending criteria on income rather than rental income. This makes qualification for this product and the application process quicker and easier for intermediaries’ clients.
“As a leader in the marketplace, TMB aims to maintain its edge over the competition, by continuing to provide highly competitive rates and excellent service and value to our customers and this is especially true in these specialist areas.”
