The Professional Mortgage Packagers Alliance has announced four new products from The Mortgage Business.
The first two PMPA offers are options within TMB’s Self 85 product that allows self-certification of income to a maximum LTV of 85%. A two-year tracker is set at bank base rate, +1.24% and has an arrangement fee of £1,499 but no early repayment charges. A two-year fixed rate option of 5.59% is also available, with a cashback of £750. There are no higher lending charges on either of these products and they are available for purchase and remortgage.
The two other PMPA products are also on offer within TMB’s house to house product, both of which are two year trackers with a maximum LTV of 85%. The first tracks the base rate at +1.04%, with an arrangement fee of £899 and the second tracks the base rate at +0.94% with an arrangement fee of £1,250. There are no higher lending charges or early repayment charges for both these products and they are available for purchase and remortgage.
PMPA are also offering a one-year tracker within TMB’s buy-to-let product, with a maximum LTV of 85%. It tracks the base rate at +1.14%. The product has a cashback of £250, and an arrangement fee of £699, with no higher lending or early repayment charges. It is available for purchase only.
Helen Hymos, lender relationship manager at PMPA, says: “We are delighted that PMPA’s ongoing excellent relationship with TMB allows us to continue to offer outstanding value exclusives to our members’ brokers and their customers.”
Nigel Payne, managing director of TMB, says: “Our commitment to packagers as a key distribution channel remains firm. PMPA’s wide distribution and the proven service excellence of its members make it the ideal partner for TMB and we hope the excellent working relationship continues well into the future to the mutual benefit of TMB, PMPA members, their brokers, and the brokers’ end customers.”