The new product is a two-year, 75% LTV tracker, which tracks BBR plus 1.86% before reverting to BBR plus 4.96% after the second year.
It has an application fee of £150, as well as a completion fee of 2% and an early repayment charge of 2% in year one and 1% in year two.
Steve Griffiths, sales director at TML, commented: “The mortgage market and wider economy remains in a state of flux.
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“In response, our new product has been developed with the aim of providing a greater choice of alternative products for borrowers to suit their needs and provide a level of flexibility as they seek financing options at this time.
“This product range highlights our efforts to provide real-life lending solutions to brokers and borrowers, whether remortgaging or financing for the first time.”
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