View more on these topics

Buildloan supports self employed with self-cert

BuildLoan, the intermediary arm of self build and renovation specialist BuildStore has launched of a raft of products from The Mortgage Business aimed at people who are self employed.

All four of the new TMB products are self cert, which means they are suited to people who are contract workers, self employed or freelance.

Each offers a range of benefits to self builders and renovators, including a two-year fixed, a three-year fixed, a tracker and a cash back mortgage.

All offer a LTV of 85% and are available as an interest only or repayment only loan, or as a mixture of both.

TMB’s lending philosophy is based on the individual assessment of every customer, ie, on customers’ ability to repay the mortgage, rather than on an income multiple as with most high street lenders.

Raymond Connor, founder and Chief Executive for BuildStore says: “Self builders and renovators have an entrepreneurial spirit and a great many are self employed so our latest range of self cert mortgages is likely to be very popular.

“BuildLoan continues to strive to provide the widest possible choice and flexibility to brokers, enabling them to respond to their clients’ individual needs.”

Recommended

Leadgeneration

Mortgage Strategy’s monthly guide to the lead generation companies brokers could be doing business with. Justine Tomlinson looks at the options available to intermediaries

TMB cuts rates across many of its products

THE MORTGAGE Business has cut the rates on its fixed, dedicated remortgage and self build products. These include fixed rates at 4.95% until the end of 2008, a remortgage only self-cert rate with no completion fee and 750 cashback, and self build products including a fixed rate and two tracker rate mortgages. The self build […]

LMC dismisses rumours of financial difficulties

London Mortgage Company has hit back at rumours it is in financial difficulty, saying it is on target to make profits of 7m this year. Robert Owen, chief executive officer at LMC says he won’t comment on speculation the company is for sale but wants to stress it is going from strength to strength. He […]

Money partners reduces rates

After the recent three-month LIBOR reset, specialist lender Money Partners Limited has dropped its variable rate to 4.65% effective from September 1, 2005.This means that both discount and variable rates have been reduced for the second time in just four weeks, with a one-year discount on Money Partners’ new Premier product now starting at 4.05%.There […]

Newsletter

News and expert analysis straight to your inbox

Sign up