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TSB rolls out B2L proposition to broker panel

TSB has rolled out its buy-to-let proposition to the rest of its broker panel.

The lender has been piloting its buy-to-let proposition with London & Country for the past two months.

Initially, TSB has made available five-year products with further deals to be launched over the coming weeks. Rates start at 3.49 per cent and 4.19 per cent at 60 per cent and 75 per cent LTV, respectively.

Presently, TSB distributes through 65 per cent of the broker market but plans to roll out further during 2015.

TSB mortgage intermediary director Roland McCormack says: “This is the latest milestone in the growth of TSB Intermediary.  Brokers have been asking when we’ll offer Buy to Let mortgages for some time now and we’re pleased to be able to fulfill that demand.

“Our bespoke approach to service is already proving popular which is why we want to ensure all of our mortgages are under one brand and one team so brokers can contact the same BDM and benefit from the same great service they have already come to expect from TSB.”

The minimum age at application is 25 years while the maximum age at the end of the term is 75. The maximum term is 40 years and the max loan size is £500,000.

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