The Mortgage Lender is marking its one-year anniversary with a £250 increase in procuration fees for applications received on selected products through its distribution partners between 1 June 2017 and 31 August 2017.
TML’s underwriting enables customers who don’t quite fit High Street lending criteria, including the self-employed, contractors and borrowers with an imperfect credit history, to secure a competitively priced mortgage.
It offers rates from 1.95 per cent, with 1 in 3 borrowers qualifying for its lowest rate. Over 98 per cent of offers made by TML since its launch have been on the same, or better, rate than the one quoted on a successful Decision In Principle.
Pete Thomson, Sales and Marketing Director at TML, says:
“In July it will be a year since we launched as an intermediary-only lender, which is a proud moment for everyone involved with TML.
“In recognition of this milestone we will be paying an additional £250 procuration fee on selected products over the summer months as a thank you to those who have supported us over the last year.
“Over recent months we’ve been asking brokers and distribution partners to #ChallengeTML to offer their clients a better deal or to do things differently. We’ve had a great response to our challenge and we have seen applications increase. We have also made a number of enhancements to our administration processes as a result of the feedback we’ve received.”