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The Mortgage Business is back in the market with tracker and BTL offers

The Mortgage Business has relaunched in the market after closing to new business for two months to deal with a service backlog and to retrain staff.

TMB has come back to the mortgage market with a range of three core products. It will offer its full range of products on Nov-ember 1.

The prestige mortgage is for loans of more than £500,000, with a tracker rate of 0.99 per cent for the life of the loan.

The second product is a buy-to-let loan called house to house. The loan, which is based on income, not rental yield, off-ers a level tracker of base rate plus 1.79 per cent.

The 10-to-let loan is based on rental yield at 125 per cent, level tra-cker at base rate plus 1.99 per cent. Maximum portfolio is 10 properties.

TMB director of sales and marketing Mark Ber-gin says: “We are on top of the backlog and have been looking at our processes with a focus on staff training. It is good to be back.”

Alexander Hall chief operating officer Andy Pratt says: “This seems like a marketing exercise in terms of products. They are not really encouraging huge amounts of business with these three products.”


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