L&G Mortgage Club to offer Tiuta B2L loan via Omega
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Legal & General Mortgage Club is to offer its members Tiuta’s three-year, fixed rate, buy-to-let commercial loan through Omega, one of its commercial loan partners.
The buy-to-let deal from Tiuta, as announced this morning by the specialist lenders, is available at 6.99% to 70% LTV.
Ben Thompson, director of mortgages at Legal & General, says: “This buy-to-let loan is an indication that life is returning to the commercial property market. Everyone from landlords to pension funds want to get in on the act and we’re please to be one of the distributors with access to this product.”
Kevin Jones, managing director of Omega, says: “We’re delighted to be working with Tiuta to bring this product to market as it is the first new launch in this area for some time. There is a pent-up demand for commercial buy-to-let products, which this mortgage specifically addresses. We expect it to generate significant interest.”
Legal & General Mortgage Club launched its commercial loans service in June this year, with Omega and The Business Mortgage Company.
