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The Mortgage Business launches new buy-to-let mortgages

11 January 2006
The Mortgage Business (TMB) has this week launched multiple buy-to-let products with new and improved rates.

The package focused lender, has revealed the new Multi Buy-To-Let products to allow customers to purchase numerous properties to the value of £5 million at a tracker rate between 5.29 per cent and 5.79 per cent. The tracker rate also allows £500 cashback.

Other changes to the range include an extension to the maximum loan size on the House 2 House product increasing it to £500,000 from £250,000.

Customers can also get new low rate self-cert deals like the 4.89 per cent fixed or tracker products with a maximum loan to value of 85 per cent.

Sales director of TMB, Peter Charge said the new portfolio will cater for the increasing number of property landlords in the UK and enables them to purchase more properties.

"The increase in loan size on the House 2 House product is also a reaction to the growing buy-to-market allowing a maximum loan size of £500,000 for multiple property purchases," he said.

"As is evident here, TMB is constantly revising and reviewing its products to fulfil demand and react to the changing market," he added.

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