TMA Mortgage Club launch 2-year fix

Jessica Nangle

August 31, 2017

TMA Mortgage Club has launched a 1.49% 2-year fixed rate with Furness Building Society.

The product – available on loans up to 80% LTV applicable to both purchase and remortgages – includes £250 cashback and will be exclusively for TMA Mortgage Club members and appointed representatives of the First Complete and Pink networks.

Rob McCoy, senior product and business manager at TMA, said: “I’d expect the product will be popular with our members, particularly for remortgage customers.

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“The flexible approach that the Furness has to underwriting makes them a popular choice for many intermediaries and it has once again shown its continuing support for this sector of the market.”

Euan Ballantyne, head of products at Furness Building Society, added: “We are absolutely thrilled to strengthen our relationship with TMA Mortgage Club with the launch of this exclusive new product.”

The product also includes extra benefits such as a free standard valuation and free standard legal fees, with those customers wishing to use their own legal representative receiving a £150 contribution towards costs instead by Furness.

There is a product fee of £999 and a maximum loan of £800,000.

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