The Mortgage Lender
The Mortgage Lender

The Mortgage Lender

The Mortgage Lender Limited (TML) is a new specialist lender that entered the UK residential market in 2016.

An intermediary-only lender, TML has been launched by an experienced and proven team with a successful track record of entrepreneurial growth in a regulated environment.

Proc Fees

Product Gross Net
Residential 0.58% 0.50%
BTL 0.60% 0.50%
Product Type When does the lender pay PMS? Frequency
All 5 working days after completion Daily

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Overview

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Register to place business with The Mortgage Lender:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

Reasons to consider The Mortgage Lender

Their products and criteria are particularly focused on:

  • Employed - Standard status borrowers who do not meet the requirements of high street lenders
  • Self-employed - Up to 85% LTV if over 24 months' trading time (80% LTV maximum if 12-24 months' trading)
  • Contractors - Contract works considered if 6 months of continuous service completed and 6 months of contract to run (not necessarily with same employer)
  • Lending into retirement - Will lend up to age 80 (at the end of the term) as long as the applicant's retirment income supports the lending requested
  • Impaired credit - Products cater for applicants who have an imperfect credit history, including CCJs, arrears on secured or unsecured lending or defaults

Register

Their online portal offers the following functionality:

  • DIPs, applications, case tracking and document submission
  • Real time application status updates, with case documentation available directly from their online system
  • Upload directly against outstanding checlist items, ensuring that supporting documents go straight to TML work queues for the case
  • You can provide updated notes directly into the case work queue to provide any additional information

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