It will also be added to the recently formed network’s buy-to-let (BTL) panel.
TBMC has continued its expansion within the market by becoming part of the Intrinsic network panel and Andy Young, managing director at TBMC, expected the tie-in to benefit both sides. He said: “We will now be able to work closely with the Intrinsic membership to assist them in our specialist areas of commercial and BTL lending. Our business strategy of building key network relationships will be enhanced by this panel appointment.”
John Hayden, product and services director at Intrinsic, added: “Bringing TBMC on to our panel will certainly enhance the service we are currently offering our members.”
With the BTL and commercial sectors both experiencing market growth, Peter O’Donovan, mortgage manager at Bestinvest, commented that any added incentives for brokers should be welcomed. He said: “There must be a demand for a commercial lender to be added to the panel and the BTL market remains strong. Any extra option to incentivise members is good for them and should be welcomed. The more choice you offer, the better.”
TBMC has also revealed it has become the biggest provider of BTL mortgages to Sesame Network members, a statement that Young was pleased with. He commented: “I was a little surprised by the results as the Sesame network has a lot of good BTL lenders including Mortgage Express and BM Solutions, but it shows that TBMC is a growing company in both the BTL, and commercial markets.”
