View more on these topics

TMB relaunches back into the market

As of tomorrow, Friday 3 September, the company will launch a reduced range of three core products.

The Prestige mortgage will be for loans over £500,000, bank base rate plus 0.99% for the life of loan. House 2 House will be a buy-to-let based on income and not rental yield and is a level tracker of bank base rate plus 1.79%

The final product is called Ten to Let, and is a buy-to-let based on rental yield at 125%, a level tracker at bank base rate plus 1.99%. All of the loans have a maximum loan size of 75%.

The company says it will launch its full range on November 1 2004, the second day of regulation.

Mark Bergin, director of sales and marketing, says: “This is a gradual return to the market. Having taken the decision to temporarily withdraw our products we are keen to manage the inflow of business to ensure that our service is back to being the envy of the market.

“We have spent the last few weeks clearing the backlogs and reviewing our processes as well as dedicating a lot of time to staff training.”

Recommended

BM to roll out KFIs from early October

But they will not carry the FSA logo until October 31. And parent group HBOS has confirmed that all five of its brands will disclose to consumers all payments made to brokers and associated third parties on its KFIs. The brands – Halifax, Bank of Scotland, The Mortgage Business, Intelligent Finance and Birmingham Midshires – […]

moneysupermarket.com plans second building

The company moved from its Chester-based offices to St David&#39s Park, Ewloe just over a year ago and is already planning an expansion to a second building which will be ready next year. Architects are currently designing the look of the new 12,000 square foot office. The expansion is planned in conjunction with an extensive recruitment […]

FSA takes action against firms falling short of the mark

The regulator&#39s threshold conditions team deals mainly with small regulated firms that are not meeting the FSA&#39s minimum requirements or threshold conditions. The TCT generally takes action against such firms when co-operation has not been forthcoming. In the year to June 30, 2004, approximately 50 firms addressed breaches of the threshold conditions when presented by […]

Universal launches offset deal

An initial rate of 5% and daily interest means this competitive mortgage is a flexible way to save money. This initial rate is discounted by 1.79% from Universal&#39s standard variable rate, which is guaranteed for the first year. This will be followed by a 1% discount from the society&#39s standard variable rate for the life […]

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]