TMA launches semi-exclusive with AfI

Marcel Le Gouais
04-Jul-2008
The Mortgage Alliance has launched a three-year semi-exclusive fixed rate product funded by Abbey for Intermediaries.
The product has a pay rate of 6.39% available for remortgage customers only with an LTV of up to 60% and a £550,000 limit.

The product comes with free valuation – up to a property value of £2.5m - and standard legal fees paid with no higher lending charges.

The three-year fix has a total booking fee of £999, with £150 of this required to be paid upfront, and the balance can then be added to the loan. The product is available immediately.

Phil Whitehouse, head of TMA, says: “The launch of this product provides great news for TMA’s directly authorised members and selected strategic partners who will have access to this remortgage product.

“With so many customers coming off fixed rate deals and looking to secure a competitive rate I expect this product to prove popular.’’