The HBOS subsidiary has re-entered the market on a staged basis after withdrawing its entire mortgage range at the beginning of July to ensure that service standards were maintained. It announced the launch of three core products early in September.
TMB will also be accepting paper applications on the full range of products from 1 November and are expecting remortgage deals to drive a significant amount of business especially online.
The tracker product offer rates from 0.01 basis points above Base Rate guaranteed until 30 June 2005.
Mark Bergin, marketing and sales director at TMB, said: “Excellent service has always been critical to the success of our business. I believe the training, the clearing of our service backlogs and the investment we have placed in our online capability – TMBi – puts us in a position to provide some excellent products and reinstate our service into the market.”
Andy Frankish, operations director at Mortgage Talk, said: “ I am interested in what products TMB are offering and I imagine that they will be pretty competitive.
“They have the luxury of being backed by HBOS who arguably have one of the strongest trading platforms. TMB seem to have made a sensible move when pulling its mortgage range, they have consolidated and are ready to hit the market running.”
Bill Dudgeon, managing director at TMB, commented: “We are confident that our service will be second to none.”
