The new hub will provide updates on the mortgage club’s lender panel and relevant news regarding the recent base rate change.
The launch of the hub followed the Bank of England’s (BoE) decision to increase the base rate for the first time since July 2007 from 0.25% to 0.5%.
TMA has introduced the hub in order to ensure that its advisers are kept fully informed of the changes and how they may affect their clients.
The hub has been created as both a knowledge-sharing and education initiative.
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Advisers can access the hub via the homepage on the TMA website and view useful documents, including Barclay’s BTL SVR and residential SVR comparison tables.
Lisa Martin, group development director at TMA, said: “The most affected customers will be those households with a variable rate mortgage.
“Of the 8.1 million households with a mortgage, 3.7 million or 46% are on either a standard variable rate or a tracker.
“We want to help advisers contact clients who may want to review their current mortgage to ensure all customers receive the world-class advice they may need in light of these changes.
Lisa continued: “At TMA, we believe in making life easier and want to be a broker’s first point of call, no matter how complex the mortgage query may be.
“That's why we have launched a new hub where brokers can find all the latest updates following the BoE base rate increase.”
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