TMA Mortgage Club (TMA) members and appointed representatives of the First Complete and Pink networks now have access to a two-year fixed rate 1.49% product with the Furness Building Society.
It is available up to 80% loan to value (LTV).
The product is available for both purchase and remortgages, with customers receiving a £250 cash back upon completion. Remortgage customers will also benefit from a free standard valuation and free standard legal fees. Alternatively, if customers wish to use their own legal representative, Furness will make a £150 contribution towards costs instead. There is a product fee of £999 and a maximum loan of £800,000.
Rob McCoy, senior product and business manager at TMA, said: “I’d expect the product will be popular with our members, particularly for remortgage customers. The flexible approach that the Furness has to underwriting makes them a popular choice for many intermediaries and it has once again shown its continuing support for this sector of the market.”
Euan Ballantyne, head of products at Furness Building Society, added: “We are absolutely thrilled to strengthen our relationship with TMA Mortgage Club with the launch of this exclusive new product.
“Whilst this product is available to standard cases, our flexible approach to underwriting means we are also able to accommodate advisers who have more complex cases.”