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TMB launches house-to-house range

The Mortgage Business launched a series of house-to-house products in its new product range.

The range offers two new products: one with a two-year rate at 4.99% with no early redemption charges, and the second product offering a rate without HLCs or ERCs.

The TMB house-to-house range is available for applications on true self-cert, true salary-cert and full status and on loans up to £500,000, and up to 85% LTV for purchase or remortgage.

Nigel Payne, managing director of TMB, says: “We are delighted to launch these new house-to-house products. In some areas of the country, a robust buy-to-let market might restrict the level of rental income and the scheme addresses this by basing the lending criteria on income rather than rental income.

“TMB aims to maintain its edge over the competition, by continuing to provide highly competitive rates and excellent service and value to our customers and this is especially true in these specialist areas.”

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  • Tracey 18th July 2010 at 3:56 pm

    I have a mortgage with the TMB, I am thinking about going to live abroad with my sister for a while. What are the rules for me to rent it?

    Could you please let me know, is there a 2% charge on your monthly payments?

    Thank you

  • Tracey 18th July 2010 at 3:56 pm

    I have a mortgage with the TMB, I am thinking about going to live abroad with my sister for a while. What are the rules for me to rent it?

    Could you please let me know, is there a 2% charge on your monthly payments?

    Thank you