TMB launches multiple buy-to-let and improved rates
The new Multi Buy-to-Let products allow the customer to purchase or remortgage multiple properties up to a value of £5 million at between 5.29% and 5.79% tracker rate. The 5.79% tracker rate also includes £500 cashback.
Other highlights to the revised portfolio include an extension to the maximum loan size on the House 2 House product from £250,000 to £500,000. There are also new low rate self-cert deals such as the 4.89% fixed or tracker products (reverts to 1.79% base rate tracker after 31.03.07) with 85% LTV.
Peter Charge, sales director of TMB, commented on the portfolio: “TMB is beginning the new year with a fantastic new range of rates and products. We are glad to be back offering a multiple buy-to-let product which caters for the growing number of property landlords in the country and allows them the opportunity to purchase multiple properties at once.
“The increase in loan size on the House 2 House product is also a reaction to the growing buy-to-let market allowing a maximum loan size of £500,000 for multiple property purchases. As is evident here, TMB is constantly revising and reviewing its products and services to fulfill demand and react to the changing market.”