TBMC adds Bath Building Society to lending panel

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  • 21/08/2018
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TBMC adds Bath Building Society to lending panel
Buy-to-let specialist TBMC has added Bath Building Society to its lending panel to develop its buy-to-let mortgage offering.

 

Earlier this month TBMC managing director Jane Simpson (pictured) told Specialist Lending Solutions the market was becoming increasingly complex and that smaller building societies had recognised this growing demand.

Bath Building Society specialises in helping clients of intermediaries whose circumstances require individual assessment by an underwriter.

The mutual’s lending criteria includes no maximum age for landlords, multiple flats under one freehold and no maximum portfolio size with other lenders. The society also lends to ex-pat buy-to-let applicants and holiday let landlords on mortgage rates.

Steve Matthews, head of mortgages at Bath Building Society, said: “We are looking to develop our buy-to-let mortgage offering and have decided to work with TBMC as a distributor.

“TBMC has a wealth of knowledge and experience in the buy-to-let mortgage market and will be instrumental in securing the right type of business for the Society, particularly in the specialist areas such as HMOs and multi-unit blocks.”

Simpson said the team was looking forward to working with Bath Building Society to develop its buy-to-let proposition.

She added: “We have seen a noticeable increase in ex-pat enquiries over the last year, alongside houses in multiple occupation (HMO) and multi-unit applications, so having an additional provider in these niche areas will be most welcome.”

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