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TBMC launches buy-to-let product with Hinckley and Rugby BS

Buy-to-let and commercial mortgage specialist TBMC has launched an exclusive buy-to-let mortgage with Hinckley and Rugby Building Society.

The initial rate is 3.74 per cent for two years, representing a 1.90 per cent discount to the lender’s SVR up to 75 per cent. The product comes with a fixed completion fee of £1,999 and no early repayment charges.

TBMC chief executive Andy Young says: “We have a very successful relationship with Hinckley & Rugby and have experienced high demand for their buy-to-let mortgage products. This new product is even more competitive than our previous 75 per cent LTV exclusive with Hinckley & Rugby and should sell well via our intermediary distribution.”

“Hinckley & Rugby continues to demonstrate a keen appetite for buy-to-let lending and is currently offering some great products to meet the needs of landlords, which are proving popular with our business introducers.”


Home owners more likely to consider equity release advice prior to retirement

More help should be focused on over 50s trying to organise their finances for retirement, according to a report commissioned by Just Retirement. The study questioned more than 1,000 homeowners aged over 55 and found that many are unaware of the details surrounding equity release plans and safeguards. Homeowners are more likely to consider professional […]

MI buys up FYB Network

Mortgage Intelligence last week bought mortgage network Life and Easy, which trades as FYB Network. FYB, which has around 50 advisers, will join the Mortgage Intelligence and Mortgage Next brands under the umbrella of Mortgage Intelligence Holdings. MI would not disclose how much the deal was worth. MIH managing director Sally Laker says: “FYB have […]

Abbey’s new products are a hit with brokers

Abbey for Intermediaries on Friday reported a 33 per cent spike in business since the launch of its new range the previous week. The intermediary lender for Santander UK says the increase in new business has been driven in particular by strong demand for its two-year 2.79 per cent deal for all key accounts. The […]

Moneyfacts reports boost in high LTVs

Moneyfacts last week reported a boost in high LTV loans with 36 new mortgage deals in the 85% LTV tiers and above in August 2012, a complete reversal from the drop of 26 products in July. In a breakdown of individual tiers, there were 16 more products in the 85% LTV tier – 11 fixed […]


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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