TBMC and Axis launches 3.69% 2-year variable to 75% LTV

Ryan Bembridge

June 15, 2016

to let sign house

TBM


C has launched a buy-to-let 2-year variable with Axis Bank at 3.69% (LIBOR + 3.10%) to 75% loan-to-value with a 1.5% completion fee.

The product has a rental calculation of 125% at 5% and no early repayment charges.

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Jane Simpson, managing director at TBMC, said: “The rate is especially competitive in niche areas of the buy-to-let market.

“We are seeing a steady demand for limited company and HMO buy-to-let mortgages and this product stacks up well against other rates that are available in this specialist area.

“The product is also a good option for expat landlords where choice can sometimes be limited.”

Andrew Ferguson, head of buy-to-let mortgages at Axis Bank, said: “We are pleased to extend our buy-to-let product range with this new two year, ERC free, variable rate as Axis Bank continues to focus on offering a competitive mortgage proposition to landlord clients.

“We have been working with TBMC since launching in the buy-to-let mortgage market and they continue to be an important distributor for Axis Bank. We have found working with specialist buy-to-let partners such as TBMC to be a successful strategy for generating quality new business.”