View more on these topics

The Mortgage Lender adds three new distributors to panel

office-desk-work-workers-business-company-4-700x450The Mortgage Lender has added The Mortgage Partnership, Brilliant Solutions and the Julian Harris network as distribution partners.

The Mortgage Lender launched in July, targeting borrowers who do not fit prime criteria including those with an imperfect credit history, those requiring loans stretching into retirement, the self-employed and contract workers.

The Mortgage Partnership managing director Ian Ward says: “We’re delighted to be able to offer products from The Mortgage Lender.

“It has great pricing and some nice niches that are different to other lenders. “

The Mortgage Lender sales and marketing director Pete Thomson adds: “It’s great the TML team and our products are being seen so positively by the market and we are expanding our distribution footprint week on week.

“We’ve also introduced a £300 increase to procuration fees for cases submitted to us before 31 December that subsequently complete.”

The additional procuration fee of £300 is payable to distribution partners as well as the agreed percentage fee. It is not available to introducers who place business directly with The Mortgage Lender.

Mortgages are available up to 85 per cent LTV with a two-year tracker that starts at 1.98 per cent, or as a two or five-year fix with rates starting from 2.41 per cent.

Recommended

Cleary-Alan-2012-700x450.jpg

Precise Mortgages adds Right to Buy products to range

Specialist lender Precise Mortgages has launched a range of Right to Buy mortgage products. The products allow council and housing association tenants in England to purchase their existing homes through the Government’s Right to Buy scheme. Discounts of up to £103,900 in London and £77,900 apply to the price of the property through the scheme. The range […]

Limited company buy-to-let purchases reach 63%

The number of landlords choosing to structure their property deals via limited companies is on the rise, as buy-to-let mortgage data reveals these now make up 63 per cent of all purchase applications. The figure for the third quarter, from Mortgages for Business, is up from just 21 per cent before the changes to tax relief […]

Home-House-New-Build-700.jpg

Further housing measures called for as Government announces new build investment

The Government’s announcement that it plans to invest £5bn to promote new house building has been welcomed in the industry, although commentators say that it won’t go far enough. At the Conservatory Party Conference, chancellor Philip Hammond and communities secretary Sajid Javid unveiled plans to invest £5bn in the building of new homes, including £3bn […]

Norrington to replace Winter as Ipswich chief executive

A former regional director for Clydesdale and Yorkshire Bank has been appointed as chief executive (designate) of Ipswich Building Society. Richard Norrington (pictured) will assume the role in December, following the retirement of current chief executive Paul Winter, who has led the business since 2007. Norrington has held leadership roles in the financial services sector […]

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]

Newsletter

News and expert analysis straight to your inbox

Sign up