TFC offers £99 Beacon application fee

TFC Homeloans is 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 features rates from 5.88%.

The offer applies to all deals submitted online via its market leading IT system Gravity before 15.30 Monday to Friday.

Ian Scarrott, sales manager at TFC, 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.”