TBMC launches lifetime buy-to-let tracker
Brief details for this new product are:
0.5% above BBR for life of loan.
Early Repayment Charge – 5% first 3 years.
Completion fee – 1.5%
Available for purchase and re-mortgage.
Includes first time buyers.
John Olney TBMC’s Head of Buy to Let lending said; ‘This is an excellent start to the New Year and follows on from the market leading BTL products provided by TBMC throughout 2005 that boosted applications to our all time record of £1.35 billion. Introducers can expect more of the same for 2006, which will again help them to increase their own business volumes.’
John added; “This product is ideal for landlords looking for a longer term product, dispensing with the need for short term rate chasing, certainly a product designed with the consumer in mind.”