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BuildLoan – TMB Self Cert Lifetime Tracker

BuildLoan

TMB Self Cert Lifetime Tracker

Type: Self-cert tracker mortgage for self-build, renovations, conversions and home improvement

Tracker term: Life of loan

Tracker rate: 2.44% above the Bank of England base rate

Payable rate: 7.44%

Minimum loan: £350,001

Maximum loan: Up to 95% of valuation for land costs and 95% of valuation for build costs within final maximum of 85% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Arrangement fee: £395 plus lender’s completion fee £1,995

Redemption fee: 1% of the amount repaid until September 30, 2011

Introducer’s fee: Refer to BuildLoan

Tel: 0870 870 9499

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