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TMA offers Abbey semi-exclusive
The Mortgage Alliance (TMA) has launched a two-year semi-exclusive tracker mortgage funded by Abbey for Intermediaries.
The semi-exclusive product has an initial pay rate of 5.99% and tracks at 0.99% above bank base rate.
It is available for remortgage customers only with a loan-to-value (LTV) of up to 60% and a maximum loan size of £550,000. The product comes with free valuation – up to a property value of £2.5m - and standard legal fees paid with no higher lending charges.
The two-year tracker deal has a total booking fee of £499 with £150 of this required to be paid upfront and the balance can then be added to the loan. The product is available immediately.
- First timers re-emerge
- Mortgage market remains conservative
- Government inaction has immediate effect
- Flats leading price drop
- Sales continue to dry up
- Subsidence claims up
- Manor Mortgages secures Money Partners facility
- Bridgewater forms new intermediary team
- GHL remains on Kensingtons panel
- Lenders are still thinking big