TMB Two-Year Fixed-Rate mortgage unveiled

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www.moneynews.co.uk > TMB Two-Year Fixed-Rate mortgage unveiled

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TMB Two-Year Fixed-Rate mortgage unveiled

The Mortgage Business has launched a new TMB Two-Year Fixed-Rate mortgage for self-certification at 5.19 per cent up to 85 per cent loan-to-value (LTV).

A new buy-to-let product was also announced as part of TMB's house-to-house scheme, which is based on earned income and does not depend on any rental yield.

The rate on this offer will be set at 1.24 per cent above the Bank of England base rate for two years, placing the current rate at 5.74 per cent, and there will be no early repayment charges.

Cashback of £500 will be incorporated into this package and there is a one per cent arrangement fee that can be added to the entirety of the loan, according to product website Mortgage Introducer.

An LTV rate of 85 per cent will be set on the TMB Two-Year Fixed-Rate mortgage as well as on the buy-to-let product for amounts up to £500,000.

Both of the deals are available for regular purchase and also for remortgage customers.