TMB tweaks B2L

The ten to let range is for borrowers who want a portfolio of up to ten properties.

The removal of maximum age limit on this range means that professional landlords do not have to have paid up by the time they are 70. The removal of the higher percentage advance fee (HPA) should save money for borrowers with larger advances. And, the capital raising limit has been raised to £150,000 from £50,000.

For borrowers looking for just one B2L property, the House to House range has also increased the capital raising facility to £150,000, and is available to borrowers with an adverse credit history provided that it is over three years old.

Mark Bergin, director of sales and marketing at TMB, said: "We are really pleased to announce these enhancements to our range of products and are confident that the changes make them even more competitive and flexible for our clients, particularly in the retirement market."