The Mortgage Lender opens its doors

The Mortgage Lender opens its doors

New specialist intermediary-only lender, The Mortgage Lender (TML), is now accepting broker registrations, decision in principle requests and processing applications on its website.

Its products cater for specialist requirements including standard status borrowers, the self-employed, lending into retirement and customers who don’t fit the high street criteria but still, in its eyes, represent good borrowers.

The products are available up to 85% loan to value (LTV) with a two-year tracker that starts at 2.18%, or as a two or five-year fix from 2.41%. The products can be accessed through the following networks, mortgage clubs and specialist distributors:

Sesame and TenetLime.

Mortgage clubs:
Paradigm, Residential Home Loans (RHL), SimplyBiz, TMA, The 1010 Group and 3mc.

Specialist distributors:
All Types of Mortgages (AToM), Brightstar, Complete FS, Mortgage Force, Residential Home Loans (RHL), Solent Mortgage Services, The Mortgage Trading Company, TFC Homeloans, The 1010 Group and 3mc.

By signing up on the website introducers will be able to request decisions in principle and submit applications as well as keep track of their cases, upload supporting documentation and download additional information requests.

Applications to register will be accepted from directly authorised brokers and appointed representatives of confirmed networks.

Trevor Pothecary (pictured), TML’s chief executive, said: “I’m delighted we’ll be accepting applications from Monday and look forward to confirming our first mortgage offer and completing the first case.

“It’s taken a lot of hard work and dedication from the management team for us to launch a new lender from scratch. I want to thank everyone who has been involved at The Mortgage Lender and the introducers who have welcomed us to the market and supported us so far.”

David Copland, Director of Mortgages for LSL, TMA’s parent, said: “This is great news for TMA and our Directly Authorised Intermediaries. Working with a very experienced management team within TML, their proposition offers a broader range of options for Intermediaries, enabling them to provide more solutions for customer types that are often underserved, such as contractors, self- employed, or those with impaired credit. Coupled with this, their investment into a ‘real time online portal’ offers service functionality to support the broker and customer journey.”

TML’s sales and marketing director, Pete Thomson, added: “When we conceived the idea of a new lender it was a real opportunity to build an operation, product range and pricing structure that worked for the people who would be sitting in front of customers. From the does what it says on the tin name of The Mortgage Lender to our advanced underwriting capability, every element of our proposition has been designed to be simple, easy to understand and competitive.

“We’re delighted TMA agrees we’re providing what they want. This appointment further demonstrates TMAs commitment to deliver a leading product, support and services proposition to our directly authorised brokers.”