TMB’s current product range offers a selection of self-certification, high net worth and full status schemes as well as its income buy-to-let range. On its Self 85 and Flexi 85 products, TMB will lend up to £1m to 75% loan-to-value (LTV) and £800,000 to 80% LTV. First-time buyers are restricted to £300,000 at 80% LTV.

The pick of the rates is their tracker at 2.44% above Bank base rate (BBR) to 30 September 2011 (current payrate 7.44%). It has an early repayment charge (ERCs) of 2% during the tracker period and a 1.5% completion fee. There is no higher lending charge (HLC). An alternative to a maximum of 75% LTV is a tracker rate at 7.34% (2.34% over BBR) to 30 September 2011 with a 1.5% arrangement fee and 2% ERCs.

There are no longer any self-certification products to 85% or 90% LTV available.

TMB’s House-to-House scheme is designed for buy-to-let purchases and remortgages but is not based on a traditional rental income covenant. TMB uses affordability criteria to determine lending, but will base the loan on an applicant’s personal income and outgoings. The pick is at 2.44% above BBR to 30 September 2011 (current payrate 7.44%). Available to 80% LTV, it has a 2.5% arrangement fee and ERCs of 2% within the tracker period. To 75% LTV the rate reduces to 1.99% above BBR (current payrate 6.99%) and the fee reduces to 2%. There is no HLC charged on either scheme.

TMB also has a self-build scheme available to 80% LTV. It is at 2.34% above BBR for the lifetime of the loan with ERCs of 1% to 30 September 2011 and a 1% arrangement fee.

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