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Welcome

tbmc is a specialist in the buy-to-let and commercial mortgage sector. We have a wealth of knowledge in meeting the needs of property investment clients, whether they are individuals, limited companies or limited liability partnerships.

Why use us?

To make things as easy and straightforward as possible for you, we provide the best back up support you need to maximise the opportunities in these specialist areas of the mortgage market.

You can expect

  • Access to our help desk, who can provide information on difficult to place mortgages, such as for those with large portfolios
  • A free dedicated buy-to-let mortgage sourcing system, which provides product information and a unique rental calculator
  • Exclusive products not available on the high street
  • Procuration fees paid across a wide variety of lenders

Media centre



Buy-to-let broker business in 2021 - Mar 01, 2021

The buy-to-let sector is known to be resilient and there are always opportunities for intermediaries to write the buy-to-let mortgage business that arises in the prevailing market conditions. For example, in 2020 there was an uplift in purchase business with landlords seeking to benefit from the stamp duty holiday, saving thousands on initial cash outlay.

At the time of writing it is expected that the stamp duty holiday will be extended by three months to June, which will be welcome news for clients who are currently partway through the mortgage process, enabling them to complete without incurring additional costs. It is also likely to buoy up the housing market for another few months. However, it has been pointed out by numerous industry pundits that extending the deadline just delays the inevitable cliff edge for those that don’t complete in time, prolonging the current difficulties being experienced within the purchase market.

Surveyors and conveyancers are already dealing with significant backlogs so there are still calls for the stamp duty holiday to be phased out, rather than abruptly come to an end. It is also worth considering the potential efficiencies to be gained by lenders using desk top valuations to speed up the process, particularly for lower LTV and lower risk applications.  This approach was taken by many lenders during the lockdown period when visual inspections were halted, so there is an argument for it to continue in certain circumstances if it would improve service levels.

In 2021 a new opportunity presents itself for buy-to-let brokers in the remortgage sector. It is coming up to 5 years since the 2016 PRA regulations were introduced which caused a dramatic rise in the number of landlords choosing 5-year fixed rate products. This has lengthened the remortgage cycle for many landlords and reduced the frequency of business for their mortgage brokers, who for many years had relied on a 2-year cycle for a majority of buy-to-let clients.

The good news is that for many clients on 5-year fixed rates, these products will start maturing in 2021, which means it could be an ideal time to review existing client banks and start discussing refinance options with them.

It could also be the perfect opportunity for landlords to consider the benefits of capital raising on their buy-to-let properties, especially as there has been a considerable rise in house prices in the past year. The ONS House Price Index for December2020 showed that there had been an annual increase of 8.5%, the largest annual increase since October 2014. The average house price was recorded as £251,500.

Professional landlords may consider releasing equity from their properties to provide the deposit for further buy-to-let purchases, however many lenders accept capital raising for any legal purpose including home improvements.

The coronavirus pandemic has caused changes to the working lives of most people, with many more of us now working from home. This has led people to re-evaluate their housing needs or consider how best to configure their existing home to accommodate new working arrangements. A report by Indeed Ratedpeople.com showed that 55 percent of people are currently working from home and 50 per cent of those polled are planning to make some home improvements.

Projects such as a loft extension, self-contained annex or garden office can not only add value to a property, but also increase the amount of space available for those who anticipate more flexible home working arrangements to continue into the future beyond coronavirus. Some landlord clients may wish to raise capital on their buy-to-let property in order to improve their own home.

There is reason to be optimistic that the coronavirus is getting under control in the UK and we can expect some level of normality to return soon. As for those who are working in the buy-to-let mortgage sector, there is reason to anticipate a healthy level of business in 2021.



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Buy-to-let is ageless - Feb 16, 2021

The size of the buy-to-let mortgage sector has been pretty stable over the last couple of years at around £36 billion. However, IMLA is forecasting an optimistic £283 billion for the total amount of mortgage lending in 2021 and some industry pundits are predicting growth in the buy-to-let sector, perhaps beyond £40 billion.

There are certainly reasons to support the continued viability of buy-to-let property as an attractive investment strategy, particularly in the current economic environment. With interest rates at near zero and the unpredictability of the stock market, the yields associated with tangible bricks and mortar are a serious contender.

The buy-to-let mortgage sector may also see new interest among larger mainstream lenders looking to widen their propositions with products that provide a good margin, so specialist lenders may experience some additional competition for market share.

All of this bodes well for landlords as lenders are demonstrating an appetite for business, providing an increasing number of products to choose from and widening criteria options to suit most buy-to-let mortgage requirements.

Buy-to-let finance has never been a one size fits all product. Some lenders focus primarily on ‘vanilla’ cases, whilst others such as Paragon Mortgages, Zephyr Homeloans or Foundation Home Loans have a more specialist proposition. What it does mean is that landlords from an ever-widening demographic make up the population of property investors in the UK.

Certainly, age is no barrier to residential property investment. For older landlords, those approaching retirement age or beyond, there is a wide range of lenders and products to choose from catering for most finance needs. There are providers with a maximum age at application of 75, 80, 90 and some with no maximum age requirement at all.

Buy-to-let property may also become more popular among the younger demographic and most buy-to-let lenders have a minimum age of 18 or 21, providing other lending criteria is met. Career expectations for young adults have changed considerably in recent years and the pandemic has inspired many to set up their own business ventures during lockdown.

A recent poll for ISP GoDaddy showed that 1 in 10 people in the 16-24 age bracket had set up their own businesses during the last year, and 1 in 5 have developed concrete plans to start up a new venture. With such entrepreneurial spirit being demonstrated by the younger generation, could buy-to-let property be an attractive option for those aspiring to have a self-employed lifestyle?

Being able to work from anywhere, travel and set your own work schedule is a potential perk of being a landlord, although it does take time and commitment to build up a property portfolio that provides a suitable income to become a professional landlord.

For people looking for an alternative to pensions, buy-to-let property is a worthy consideration for medium to long term investment at any age. Buy-to-let property is also a leveraged investment, with lenders typically offering 75 per cent loan-to-value on their product ranges, which is another good reason for its popularity.

During the last 12 months, with household spending being curtailed by the pandemic, there has been the opportunity for some to save up significant sums of money, which could provide the deposit for a first buy-to-let property or portfolio expansion for those already in the market.

There is certainly plenty of opportunity in the buy-to-let sector and for intermediaries providing finance solutions to landlords, there is reason to be optimistic about business this year.



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