The Mortgage Lender adds two distribution partners

Mortgage Introducer

November 28, 2016

Trevor Pothecary

The Mortgage Lender has added two distributors to its panel in The Lending Channel and The Right Mortgage Network.

The Glasgow-based lender now has 30 firms on its distribution panel as well as 500 directly authorised mortgage advisers.

Trevor Pothecary (pictured), chief executive of The Mortgage Lender, said: “That we continue to attract new distribution partners so quickly is a clear endorsement of The Mortgage Lender proposition – a simple process for the more complicated of cases.

Driving the demand for technological change

“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 Mortgage Lender, which launched in July, offers products for standard status borrowers, those with an imperfect credit history, lending into retirement and those that are self-employed or contract workers.

Alistair Ewing, managing director of The Lending Channel, said: “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.  We look forward to working with the TML team.”

And Martin Wilson, chief executive of The Right Mortgage & Protection Network, said: “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.”

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