TBMC unveils new Mortgage Trust BTL range

Published on

percentage cubes

TBMC has launched eight new buy-to-let mortgage schemes, which are available via limited distribution from Mortgage Trust.

Rates begin with a 3.69% fixed rate for two years and a 3.40% two-year LIBOR tracker. Both have a 3.5% lender fee and are available up to 75% LTV.

There are also products available with no lender fees.

“We are delighted to offer this new range of competitive 75% LTV buy-to-let rates from Mortgage Trust,” said Andy Young, chief executive at TBMC.

“The products have been designed in such a way as to provide a wide range of options to brokers depending on the needs of their landlord clients.

“TBMC will benefit from a dedicated team of underwriters at Mortgage Trust helping to ensure that applications are processed efficiently and that we deliver the high service standards you would expect from a leading buy-to-let specialist. Mortgage Trust has a good set of lending criteria and we are expecting these products to be popular.”

Paul Clampin, director of mortgage underwriting at Mortgage Trust, added: “We are excited about our new range buy-to-let mortgages, which have been carefully constructed to meet the needs of landlords in the current marketplace.

“We have chosen to distribute these products through TBMC, whose specialist buy-to-let knowledge and distribution will help to deliver the right level and quality of applications.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...