First Mortgage Options has launched three exclusive mortgage products with The Mortgage Business.
The products include a buy-to-let 0.69% Bank base rate tracker with 250 cash back, a House 2 House 0.74% Bank base rate tracker and a Next Move 0.89% Bank base rate tracker. The buy-to-let will also be available for portfolios or multiple properties). These FMO exclusive products together with the standard range of TMB products have the added advantage of half price valuation fees for all applications received up to August 31 2006.
Alan Hill, FMOs group managing director, says: We have packaged for TMB since 1998 and they were the first lender packaging arrangement FMO put in place. Over the years we have worked with TMB through every market condition possible and we have maintained a professional and close working relationship.
“The ability to promote these exclusive products coupled with the fact that we have a TMB underwriter in our underwriting department at Northwich will enable us to provide a quality service for all the TMB products including the exclusive range. In my opinion TMB are still one of the most innovative lenders in the market, and we believe that we will significantly increase the volume of TMB applications with these exclusives and the FMO offer of valuation fees starting at 95.
“FMOs average property value with TMB is over 300k and the corresponding valuation fee would normally be 380 but at 190 we can expect to receive a good response. Our broker support department will maintain its 3 hour turnaround for TMB DIPs over the course of the next 2 months to meet anticipated enquiry levels.”
Martin GArfoot, TMB’s regional Sales manager, says: “We value the relationship we have with First Mortgage Options, and are happy to offer these brand new exclusive deals on three of our products. TMB have worked successfully with FMO for a number of years, and we look forward to developing our business further.”