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TBMC launches exclusive B2L deal at 3.74%

TBMC is launching an exclusive buy-to-let mortgage from Darlington Building Society with a rate of 3.74%.

The product is a two-year discount with an arrangement fee of £899.

Andy Young, chief executive of TBMC, says: “We are delighted to launch this fantastic new buy-to-let mortgage with Darlington Building Society. The product is highly competitive in the 70% LTV bracket, and offers the best of both worlds with a low initial rate and a low flat fee.”

He adds that the product is particularly suitable for amateur landlords as Darlington accepts a maximum of three properties, and that there is a limited tranche of funding for the deal.

David Copland, marketing and sales controller at Darlington Building Society, says: “The buy-to-let mortgage market is continuing to show signs of growth and Darlington is looking to increase its levels of buy-to-let business in 2012.

“We have selected TBMC to distribute this excellent new product to control the volume and suitability of new applications.”


Adrian Bloomfield quits ASTL after five years as CEO

Adrian Bloomfield, chief executive officer of the Association of Short Term Lenders, has resigned from his position. The trade association is seeking a replacement and Bloomfield will continue in his role until a successor is found. He says: “Having acted as CEO of ASTL since its inception in 2007, the time has come for me […]


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