Its directly authorised brokers gain access to the lender's full residential mortgage range
TMA Club has announced its addition to the residential mortgage intermediary panel of West One Loans.
The partnership has allowed TMA Club’s directly authorised brokers access to West One’s full residential mortgage range, targeted at borrowers with more complex circumstances who are unable to qualify for a high street mortgage. This includes self-employed, contractors, and older applicants, with a maximum age at end of term of 85.
Other benefits of the partnership for TMA brokers include:
- Availability of purchase, remortgage, and unencumbered products
- Standard maximum LTI up to five times the income across all plans
- LTVs up to 85% including first time buyers
- Flexible loan sizes from £25,000 to £1 million over a five- to 40-year payment term
- Capital raise for almost any legal purpose, including debt consolidation up to 85% LTV
- Fast track remortgage service provided by on-site solicitors available for loan sizes up to £750,000
“Borrowers are increasingly coming in all shapes and sizes, and often no longer fit the ‘traditional’ mould of employed workers with nine-to-five jobs,” Lisa Martin (pictured), development director at TMA Club, commented. “As such, we’re very pleased to be partnering with West One Loans, and we’re confident that this partnership will ensure our brokers are able to offer product solutions to the widest range of customers possible.”
Marie Grundy, managing director of residential loans and second charges at West One Loans, said they were proud to be able to bring their residential product range to one of the largest mortgage and protection distributors.
“Together with TMA Club, we will be able to expand our reach and enable thousands more borrowers to access finance who otherwise wouldn’t have been able to,” Grundy added.
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