BuildLoan launches TMB exclusive

Available immediately, product details for the two-year fixed rate include:

  • Rate of 6.65% to 28 February 2010
  • ERC 6% Year 1, 5% Year 2
  • Rate post fixed period = TMB’s SVR, 8.19%
  • Available for self build, renovation, conversions, home improvements
  • Completion fee of £999
  • Max LTVs of 95% to purchase land, 95% of cost of build in advance, 85% final LTV of completed house
  • Maximum loan of £500,000
Product details for the three-year base rate tracker are as follows:

  • Tracks Bank of England Base Rate +0.94% until 28 February 2011
  • Current pay rate: 6.69%
  • ERC 5% year 1 to 28 February 2009
  • Rate post tracker period = TMB’s SVR, 8.19%
  • Available for self build, renovation, conversions, home improvements
  • Completion fee of £899
  • Max LTVs of 95% to purchase land, 95% of cost of build in advance, 85% final LTV of completed house
  • Maximum loan amount - £500,000