Club lenders now account for over 95% of the volume mortgage lending market.
The four new lenders are:
Scottish Widows Bank
Manchester Building Society
Norwich and Peterborough Building Society
Lloyds TSB Scotland
Alan Collinson, m2-mortgage club national sales manager, commented: "With the addition of these four lenders, we now have one of the largest panels available for direct-to-lender business, giving brokers and their clients a truly comprehensive choice across all market sectors. However, it is not just the range of lenders that makes our offering so compelling. The five new lenders join us with competitive fee offerings in place and the promise of keenly-priced exclusive products. This is great news for our existing and potential customers.
"As a no-cost, no-registration club with simple submission procedures, prompt fee payment and exclusive access to the Mortgage Trading Exchange via the M2000 Encore Sourcing System, we are already an attractive option to brokers. But in the industry you cannot rest on your laurels. This is why m2-mortgage club is constantly looking to expand its offering and bring more deals to the market.
The club is available to any MCCB registered intermediary. All intermediaries need do is simply attach a submission form to the mortgage application. No registration is required. Everything about the club can be found by visiting www.mortgage2000.co.uk, or by contacting the m2-mortgage club team on 0845 345 5710.
