TMW will become the 29th lender on Trustguard’s panel. Its appointment followed Trustguard’s announcement that its Q1 2007 mortgage applications had risen 30 per cent on the same period last year.
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Commenting on the appointment, Sian Brown, national sales manager at Trustguard, said: “TMW is a particularly good lender to have on our panel and our brokers will particularly like its innovative approach to buy-to-let (BTL) and self-certification. The rates we will be able to offer through TMW will be popular, particularly in the light of recent rises in the Bank Base Rate.”
Highlights of the TMW range include former local authority flats accepted up to 75 per cent loan-to-value (LTV); one CCJ of any value permitted or multiple CCJs up to value limits accepted in all categories; BTL available with 100 per cent rental cover at 85 per cent LTV; rental cover non-status to 70 per cent LTV across the BTL range; and no higher lending charges or extended early repayment charges on any product.
Roy New, a London Based sole broker, commented: “I like TMW. Its products have suited a couple of my clients and it has good mortgage packages that certainly fit some holes, such as BTL. Its service is alright, as long as it’s packaged well.”
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