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.”