Rates on the flagship Bank of Scotland SmartFinance product start from 5.25% and there is a facility to offset the business bank account against the mortgage with no early redemption charges. TMO members have the added bonus of a dedicated telephone number and email address for all enquiries.
Bank of Scotland was recently named Business Bank of the Year at the prestigious Business Finance Gala Awards for the second year running. It was also named ‘Commercial Mortgage Provider of the Year.’
Richard Stokes, Head of Product Development at TMO, comments: “We are extremely pleased that Bank of Scotland have agreed to be our first lending partner for commercial mortgages. Their underwriters are renowned for thinking 'outside of the box' and are happy to help brokers throughout the process.”
David Walker, Director of Specialist Finance at Bank of Scotland, comments: “Bank of Scotland is pioneering the way forward in offset lending for commercial businesses. Our SmartFinance current account is set up to calculate interest at Bank of Scotland Base Rate on credit balances and, instead of actually paying interest, we reduce the interest on your commercial mortgage by an equivalent amount. This means you could pay off your mortgage quicker and save thousands of pounds. It’s that simple.”
To receive further information or an enquiry form email TMO: [email protected]
Contact: 0845 130 3888
