AToM, the branded lender and one of the UK’s leading mortgage distributors, has warned that The Mortgage Works’ (TMW’s) launch into the sub-prime packager market in early January will increase pressure on other lenders.
Dale Jannels, sales and marketing director at AToM, commented: “TMW is well known for its focus on market leading rates. This, combined with their stated commitment to quality and focus on service is a compelling proposition which may well impact other lenders. We are greatly looking forward to working with TMW and anticipate our sales will grow significantly as a result of the relationship.
“Furthermore, TMW’s move into the packager market, despite the strength of its brand, highlights the value added by packagers to lenders in a mortgage market which remains highly fragmented.”
AToM is one of the three packagers included in TMW’s pilot scheme.
