TFC adds Beacon to its £99 app fee offering

TFC Homeloans is now offering a £99 application fee on all deals placed with Beacon.

Reducing the application fee on Beacon products and offering free remortgage legals coincides with the launch of Beacon’s latest product range which rates from as little at 5.88%.

The offer, which will be available for a limited time only, is available to all mortgage intermediaries in England and Wales submitting applications for both Beacon and First National products to TFC Homeloans via its time saving IT system Gravity.

TFC can offer an unprecedented service on both Beacon and First National deals including same day instruction of valuation and communication of all the outstanding requirements to package the case. This applies to all deals submitted online via its market leading IT system Gravity before 3.30pm Monday to Friday.

Ian Scarrott, sales manager at TFC Homeloans, says: “In a climate where it is getting increasingly harder for brokers to place their specialist cases plus margins and criteria being constantly tightened, it’s fantastic to see a lender step forward and actually reduce rates. This new range is a welcome change from the doom and gloom of recent market news and is clear sign of Beacon’s strong position and confidence in its lending model.

“It’s even more exciting that TFC are in a position to be able to back up these market leading rates by reducing our application fee to £99 on all Beacon purchases and re-mortgages which includes a standard valuation, but also offer a free legal pack on all remortgages. This represents a huge saving to our brokers’ clients and we hope can help them win more business in a tough climate.”