Both products are available up to 85% loan to value for self-certification and 95% loan to value for full status. All cases are individually underwritten with no credit scoring.
The first product is fixed at 5.49% until 1 January 2006; the second product is fixed at 4.99% until 31 March 2004. Early repayment fees apply to both mortgages. These are 4 months’ gross interest during the fixed rate period, followed by one month’s notice or interest in lieu of notice thereafter.
The lender is also celebrating an increase in gross lending of 62.7% on the first seven months of 2001. Its results make TMB the 20th biggest lender in terms of book debt and 15th biggest lender in terms of new business based on gross lending figures for 2001, according to the lender.
