1.6Bn record lending for TMB

The Mortgage Business revealed 1.637bn in new business for Q1 2007 earlier this month.

The lender says March applications of 686m were better than any monthly total ever recorded by the business. TMB pulled in 402m during January and 549m in February, putting the total figure for Q1 up nearly 40% on 2006.

Nigel Payne, managing director of TMB, says: “I hope these figures finally put to bed these so-called expert opinions that packaging is not as fruitful as it once was, and in fact prove that packagers are on the up.”