The Mortgage Lender adds two more distributors

Trevor Pothecary edited

The Mortgage Lender has added The Lending Channel and The Right Mortgage Network to its distributor panel.

The lender now has more than 30 firms on its distribution panel and has more than 500 directly-authorised mortgage advisers.

The Mortgage Lender chief executive Trevor Pothecary says: “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.”

The Lending Channel managing director Alistair Ewing says: “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.”

The Right Mortgage & Protection Network chief executive Martin Wilson says: “We’re delighted to be working with TML, they are taking a progressive view of the market, and have put together an attractive proposition for the intermediary mortgage market.”

The Mortgage Lender launched in July to target non-vanilla borrowers.

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