The Mortgage Lender

Introduction

The Mortgage (TML) is a challenger brand in the UK mortgage market. Launched in 2016, TML provides borrowers with an alternative to the High Street. TML is an intermediary-only lender, founded by an experienced and proven team with a successful track record of growth in a regulated environment.

With bespoke underwriting and products, they cater for a wide range of borrowers, including:

Employed
Self-employed or contract workers
Lending into retirement
Those with an imperfect credit history

To find out more about the lending criteria of TML’s products click here.

Key Features:

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 workers 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 retirement income supports the lending requested
Impaired credit – Products cater for applicants who have an imperfect credit history, including County Court Judgement, arrears on secured or unsecured lending or defaults
Certainty – 98% of TML’s offers are issued on the same product rate as selected at application following an accepted Decision in Principle
Competitive – 1 in 3 of TML borrowers qualifies for their lowest rate