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TMA Mortgage Club launches exclusive fixed-rate product

  • 31/08/2017
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TMA Mortgage Club launches exclusive fixed-rate product
TMA Mortgage Club has launched a 1.49%, two-year fixed-rate product with Furness Building Society.

The deal will be available to TMA Mortgage Club members and appointed representatives of the First Complete and Pink networks, on loans of up to 80% loan-to-value.

“The flexible approach that the Furness has to underwriting makes them a popular choice for many intermediaries and it has once again shown its continuing support for this sector of the market,” said Rob McCoy, senior product and business manager at TMA (pictured).    

The product is available for both purchase and remortgages, with customers receiving a £250 cash back upon completion. Remortgage customers will also benefit from a free standard valuation and free standard legal fees.

If customers wish to use their own legal representative, Furness will make a £150 contribution towards costs instead. There is a product fee of £999 and a maximum loan of £800,000.

Euan Ballantyne, head of products at Furness Building Society said: “While this product is available to standard cases, our flexible approach to underwriting means we are also able to accommodate advisers who have more complex cases.”

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