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Kevin Rose, 2:16 pm, June 10, 2013
TBMC has unveiled a new range of buy-to-let mortgages from Shawbrook Bank.
The deals include three, five, and 10 year tracker rates up to 75% LTV which are available for Houses in Multiple Occupation (HMOs), student lets, limited companies and portfolios.
Andy Young (pictured), chief executive at TBMC, said: “We are delighted to offer this new product range from Shawbrook Bank which provides new options for landlords, especially professionals. At the moment there are only a couple of lenders operating in the specialist buy-to-let market, so it is great to see another lender offering solutions for buy-to-let investors.
“As a predominantly commercial lender, Shawbrook takes a flexible approach to lending, looking at the overall proposition of the case rather than ticking rigid criteria boxes. This should be of benefit to many brokers and their landlord clients who have less mainstream lending requirements.”
Stephen Johnson, managing director at Shawbrook Bank, said: “The buy-to-let mortgage market is continuing to perform well in 2013 and Shawbrook is keen to provide financial solutions for residential property investors. We have partnered with TBMC as one of our special distributors because of the wealth of knowledge and experience they have in the buy-to-let sector.
“Our specialist buy-to-let range complements the existing Shawbrook commercial lending and market leading short term loan proposition. We believe we have one of the broadest range of lending options for the professional investor of any specialist bank and are very excited about the opportunity of working with such a highly regarded team as TBMC.”