TMB Mortagages for BTL

[Adam T]

Do any of you Ladies or Gents have any experience with TMB for BTL mortgages?

One of the companies in my current shortlist for BTL and I thought I would drop by and see if any fellow Pistonheaders have any experience of the firm.

They are currently offering 90% LTV with no tie in for about 6.34%.

Thanks In Advance.

Adam T

[Eric Mc]

TMB?

LTV?

[Adam T]

Sorry EricMc, TMB are the Mortagage Provider, and LTV is the Loan to Value ratio, smaller the number, larger the deposit needed.

Thanks

Adam

[Eric Mc]

Thanks - now that I know what you are talking about - I know it's something I know nothing about.

[Piglet]

Eric Mc said:

Thanks - now that I know what you are talking about - I know it's something I know nothing about.

I just feel the need to quote Eric not knowing something...

[M400 NBL]

I assume you've used a comparison site like moneysupermarket already?
I have two mortgages with Northern Rock or wharever they are now called...so I'd better not offer you advice
That said, I remortgaged with them because they have always been very helpful..and until recently offered good rates.

[Dick Dastardly]

TMB are good but those products are being pulled today and no one knows whether the new rates will be better or worse. With the 6.34% there is a higher lending charge (where any borrowings over 75% LTV are charged at 7.5%) but their 6.49% doesn't have this.

If you need help arranging finance then I would be glad to give a free consultation as I work for a buy to let mortgage specialist.