TMA launches base rate hub

Mortgage Introducer

November 15, 2017

TMA has launched a base rate hub updating advisers on news related to this month’s base rate increase from 0.25% to 0.50%.

Advisers can view the hub on TMA’s homepage to view documents like Barclays’ buy-to-let SVR and residential SVR comparison tables.

Lisa Martin, group development director at TMA, said: “The most affected customers will be those households with a variable rate mortgage.

“Of the 8.1 million households with a mortgage, 3.7 million or 46% are on either a standard variable rate or a tracker.

“We want to help advisers contact clients who may want to review their current mortgage, to ensure all customers receive the world-class advice they may need in light of these changes.

“We believe in making life easier and want to be a broker’s first point of call, no matter how complex the mortgage query may be.

“That’s why we have launched a new hub where brokers can find all the latest updates following the BoE base rate increase.”

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