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.