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Swansea Building Society links with buy-to-let mortgage specialist

Swansea Building Society has linked with TBMC to offer its buy-to-let and holiday let products through the buy-to-let specialist’s mortgage panel.

Swansea Building Society’s mortgage product range includes products aimed at those looking for a buy-to-let or holiday let mortgage for properties in Wales and the Welsh borders. The mortgages allow up to four applicants on an application, with Airbnb income acceptable.

TBMC is a buy-to-let mortgage specialist that provides brokers with back-up and support to maximise opportunities in this niche area of the mortgage market and has operated in the buy-to-let market since 1989.

Alun Williams, chief executive of Swansea Building Society, said:

“We are really pleased to be linking up with TBMC and to be able to offer a range of mortgage products to TBMC’s adviser network. We are confident that Swansea Building Society will be a positive addition to the TBMC mortgage panel and that our common-sense approach to mortgage lending will be a welcomed change in a market where too often the computer says no.”

Jane Simpson, managing director of TBMC, said:

‘TBMC is delighted to be working with Swansea Building Society which offers an interesting range of mortgages for buy-to-let properties. They will be a welcome addition to our panel and may fill certain niche areas of the market including holiday lets in Wales. We have seen a growing interest in lenders who will consider Airbnb so this could also be beneficial to some landlords.

‘TBMC is a buy-to-let mortgage specialist and our expertise in this sector will enable us to present high quality applications and work successfully with Swansea Building Society to develop its buy-to-let proposition.”

Swansea Building Society was established in 1923 and is currently the 35th largest building society out of 44 in the UK. With no credit scoring and all cases manually underwritten, the Society offers a unique, personal and tailored approach to mortgage lending.