Who are you and what do you do?

TBMC is an award winning specialist Buy to Let processor based in its prestigious offices in Cardiff. We want to provide you with the best backup and support in this specialist area 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?

TBMC is a Buy to Let mortgage specialist, established in 1989, it has developed the expertise that can only be gained through operating in the Buy to Let market day after day.

Through the creation of strategic relationships with a number of the UK’s leading Buy To Let mortgage lenders, TBMC’s proposition remains at the forefront of the market, providing you with a range of highly competitive Buy To Let products, top fees and an enhanced service.

Other benefits include a generic application form, telephone support and Online Case Tracking. Additional business tools are available via the website, including a Buy To Let sourcing system and unique Rent Stress 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 most Buy to Let mortgages are unregulated. For cases that do fall under regulation we have the facility to help you.

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. Please refer to the Application Fees section of the website for details.

Will my procuration fee be affected by using TBMC?

We strive to offer the most competitive procuration fees to our intermediaries. These will normally be on a par with lenders' procuration fees and sometimes will be higher depending on the deals we have in place with our strategic lenders. Please refer to our Sourcing and Quotation System (SAQS) for further details.

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 strongly advisable for you to 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 electronic application form that is acceptable to all the lenders that 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 another application form needing to be completed.

Do I need a KFI?

As most 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 you can obtain a mortgage illustration from the TBMC website. If the Buy to Let mortgage is regulated however, TBMC does not provides KFIs.

A valuation has already been carried out, can this be retyped?

Yes, TBMC is able to instruct the retype of a valuation providing it is within the timescales available to do so.

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. Our website contains lender profiles which detail standard requirements, however this will vary from case to case. Once the DIP has been carried out we will write to you requesting the relevant documentation required for that application.

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 time scale 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 2 working days once we have sent the fully packaged application to them. If we anticipate a delay from the lender due to back logs or work loads we will advise you with plenty of notice. Please refer to the Sourcing and Quotation System (SAQS) on the website for details.