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Frequently asked questions
Who are you and what do you do?
TBMC is an award winning buy-to-let and commercial mortgage specialist. We aim to provide you with the best backup and support in these
specialist areas of the mortgage market, making your life easier and helping you
grow your business.
Why should I use TBMC instead of going directly to the lender?
In the current financial climate the buy-to-let and commercial mortgage markets are fast-paced and subject to change at very short notice, which makes operating as an adviser in these niche areas more demanding than it has ever been.
It can be more challenging to find appropriate products for your clients and you will benefit from the skills, expertise and experience of a buy-to-let and commercial mortgage specialist like TBMC.
Our whole of market comprehensive coverage of the buy-to-let market helps ensure your client obtains the best product for their needs and that you provide the best service.
Other benefits include a generic application form, telephone support and Online Case Tracking.
Additional business tools are available via the website, including a free buy-to-let sourcing system
and unique rental calculator.
Do I need to be registered with the Financial Services Authority (FSA) to use TBMC?
No, you do not need to be registered with the FSA to use TBMC, as buy-to-let and commercial mortgages
are not regulated by the FSA.
Do you charge a fee?
We charge an application fee which includes the valuation fee and our administration
costs. This is the only fee charged to you and is payable before we instruct the
valuation report. We will only instruct a valuation after a decision in principle has
been obtained.
Can I source your products on Mortgage Brain and Trigold?
Yes, our top buy-to-let products are available on both Mortgage Brain and Trigold.
Please note, however, that sourcing systems do not guarantee the accuracy of the
product data displayed, so it is strongly advised that you check product details
with TBMC before proceeding with an application.
Your quotation system only allows me to obtain a quote on an interest-only
basis. Can I obtain a quotation on a capital and interest repayment basis?
Currently the website will only provide an interest-only quotation.
If you would like a quote for a repayment mortgage please contact our New Business team on 029 2069 5400, Option 2.
Do you have a generic application form?
Yes. TBMC has developed a buy-to-let application form that is acceptable
to all the lenders we deal with. This has tremendous benefits to you because,
if an application is declined through one lender, it may simply be switched to
another lender without the need for another application form to be completed.
Do I need a KFI?
As buy-to-let mortgages are not regulated by the FSA you are generally not required to
provide clients with a KFI. However, KFI equivalents are available via sourcing
systems, the lender or from the TBMC website.
A valuation has already been carried out, can this be re-typed?
Yes, TBMC is able to instruct the re-type of a valuation providing time limits allow.
Where can I find a valuation fee scale?
Application fees vary depending on the lender. The application fee for each product is displayed on the mortgage illustration.
What supporting documents will I need to obtain from my client?
This all depends on the lender and the application type. Once the Decision in Principle has been carried out we will write to you requesting the relevant documentation required.
Who should cheques to be made payable to?
All cheques should be made payable to TBMC.
How long does it take to obtain an offer?
The timescale between application and offer will depend greatly on how quickly
you can gather the required information. Most of our lenders will provide an offer
within two working days once we have sent the fully packaged application to them.
If we anticipate a delay from the lender we will
advise you.
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