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The Mortgage Lender calls on brokers to challenge it on rates

Money

The Mortgage Lender has launched a price-matching drive against high street lenders and is calling on brokers to challenge it on rates.

The lender’s new ‘Challenge TML’ campaign is designed to get more brokers to push the firm for lower rates.

TML says its research shows consumers believe mortgage brokers are three times more likely to deliver the best mortgage deal for their circumstances when compared to a high-street lender.

TML sales and marketing director Pete Thomson says: “On average, a third of our customers qualify for our lowest rate.  We know we can challenge many of the deals on the high street, and those too complex for the high street lenders.

 “The TML Challenge is really simple; visit our website, complete a decision in principle and challenge us to deliver the best rate for your client.

“It’s a win-win for brokers and as a thank you we’ll make a donation to charity for every DIP issued until the end of April.”

TML also announced today that, following LIBOR reductions, it is now selling a two-year tracker from 1.95 per cent.

 

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