Andy Young, chief executive of TBMC says:
"We are delighted to launch this fantastic new buy-to-let mortgage with Darlington Building Society. The product is highly competitive in the 70% LTV bracket, offering one of the lowest initial rates available at 3.74%. In the current marketplace, products normally have either a low initial rate and high fee or a high initial rate and low fee.
"However, this latest TBMC exclusive offers the best of both worlds with a low initial rate and a low flat fee of just £899.
“This is a great product, especially for amateur landlords with Darlington accepting a maximum of 3 properties. We are expecting the product to be popular with intermediaries and their landlord clients, but there is a limited tranche of funds available via TBMC only, so those who are interested should be quick off the mark.”
David Copland, marketing and sales controller at Darlington Building Society says:
"The buy-to-let mortgage market is continuing to show signs of growth and Darlington is looking to increase its levels of buy-to-let business in 2012. We have selected TBMC to distribute this excellent new product to control the volume and suitability of new applications. TBMC is a well respected buy-to-let mortgage distributor with highly experienced processing staff who can help us to achieve our goals in this sector."
