These new rates offer incentives including, £1,000 cashback, low introductory rates and little or no early repayment charges.
The new range includes the Self Cert 85 and Std 95 which have a Bank Base Rate plus 0.85 per cent until 31 May 2007 reverting to 1.79 per cent.
There is a completion Fee of £499. There are no early repayment charges. TMB also offer the Self Cert 85 and Std 95 products with a minimum loan size of £100K. It is priced at Bank Base Rate plus 1.19 per cent until 30 June 2008 reverting to 1.79 per cent.
This deal comes with cashback of £1,000 and a completion fee of £499. It has early repayment charges of 2 per cent until 30 June 2008.
Mark Bergin, director of sales and marketing at TMB, said: “We strive to continually update our rates and products, reacting to what is happening in the market overall and we believe these rates will increase our market share. The introductory rates are some of the most competitive in the market and run for long periods of time.”
John Mawdsley, director of The Mortgage Partnership, commented: “This is a good move by TMB which will liven up the competition. TMB specialises in offering mortgages to those with unusual circumstances and it is always good to see that people taking out specialist mortgages aren’t penalised because of their position.”
