Buy-to-let and commercial mortgage broker now has access to the semi-exclusive ‘bridge to let’ scheme from Tiuta.
The product consists of a six month bridging loan up to 75% of the open market value at 1.65% per month whilst works are carried out, followed by a two-year 6.99% fixed buy-to-let mortgage.
Andy Young, chief executive officer at TBMC, said:”We are pleased to offer this niche product which will be useful for professional landlords looking to purchase bargain properties in need of some refurbishment. For the right investor