TMA Club launches with West One Loan's residential mortgages
TMA Club will be joining West One Loan's residential mortgage intermediary panel.
TMA Club's directly authorised brokers can now access West One's full residential mortgage range, targeted at borrowers with more complex circumstances who are unable to qualify for a high street mortgage.
This includes self-employed, contractors and older applicants, with a maximum age at end of term of 85.
Lisa Martin, Development Director at TMA said:"Borrowers are increasingly coming in all shapes and sizes, and often no longer fit the 'traditional' mould of employed workers with nine to five jobs.
"As such, we're very pleased to be partnering with West One Loans, and we're confident that this partnership will ensure our brokers are able to offer product solutions to the widest range of customers possible."
As one of the UK's leading specialist mortgage lenders, West One offers a personalised approach to underwriting, which examines each case on its own merits with a willingness to understand the individual's specific financial circumstances.
West One's purchase, remortgage and unencumbered products will now be available to TMA brokers, as well as standard maximum loan-to-income (LTI) up to 5.0 times income across all plans, and loan-to-value's (LTV's) up to 85% including first time buyers.
Marie Grundy, Managing Director of Residential Mortgages and Second Charges at West One Loans, added:"We're proud to be able to bring our residential products to one of the largest mortgage and protection distributors, TMA Club.
"Together, we will be able to expand our reach and enable thousands more borrowers to access finance who otherwise wouldn't have been able to."