Two more packagers have joined the distribution network of one of the country’s newest challenger lenders.
Specialist distributors and packagers, Connect For Intermediaries and Norton Finance and Mortgages, have become the latest companies to join the expanding distribution network of Glasgow-based The Mortgage Lender, which launched in July this year.
The Mortgage Lender provides products for borrowers who do not fit the one-size-fits-all model of High Street lenders; standard status and impaired credit history borrowers, the self-employed, contract workers, and lending into retirement. TML’s tracker rates currently start at 1.98%.
Sales and Marketing director at The Mortgage Lender, Peter Thomson, said:
“It is great news to be able to add two more distributors to our network. Norton Finance is one of the best-known names in the specialist lending market, with a 40-year history of helping borrowers who are not supported by High Street lenders.
“Connect has built an enviable reputation in the specialist mortgage market over the past 18 years, and we are delighted that they will now be working closely with us.”
Liz Syms, CEO at Connect For Intermediaries said:
“We’re really pleased to become a distribution partner with TML. The extra competition and choice they bring to the market are welcomed by brokers and borrowers alike and their addition to our comprehensive lender panel means that broker who utilise our placement services can continue to access the best possible lending solutions in the market.”
Melanie Whiting, mortgage manager, Norton Finance and Mortgages said:
“TML has launched with a very positive attitude and competitive product range, with a focus toward a sorely underserved sector of the market. We look forward to a productive and beneficial relationship for ourselves and our clients.”