TML expands distribution panel

TML expands distribution panel

The Mortgage Lender (TML) has added two more distributors to its panel.

The Glasgow lender has added Perth-based The Lending Channel and Solihull-based The Right Mortgage Network.

The move increases its total distribution panel to over 30, in addition to over 500 directly authorised mortgage advisers.

Trevor Pothecary (pictured), chief executive of The Mortgage Lender, said: “That we continue to attract new distribution partners so quickly is a clear endorsement of The Mortgage Lender proposition – a simple process for the more complicated of cases.

“We’re dealing with non-standard applications that High Street lenders won’t consider while still offering competitive deals. This is down to looking beyond overly simplistic models of risk and affordability and considering the individuals and their circumstances to make lending decisions. Clearly brokers appreciate that approach.”

Alistair Ewing, managing director of The Lending Channel, added: “There is an increasing number of borrowers with so-called ‘non-standard’ circumstances, having a new lender that will look properly at these cases, and consider all the relevant factors to determine the real risk is a welcome addition. We look forward to working with the TML team.”