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The Mortgage Lender builds on success with MCI Mortgage Club panel appointment

Posted Tuesday 14th of May 2019
Uncategorised

The Mortgage Lender is building on its success with its appointment to the MCI Mortgage Club panel.

The move marks the next stage in the growth of the MCI Mortgage Club, which has 500 directly authorised members and 150 appointed representatives on its database of members, and adds to The Mortgage Lender’s record start to the year.

The Mortgage Lender head of national accounts David Eaves said: “We are delighted MCI Mortgage Club members now have access to additional lending options for their borrowers that are priced competitively and designed to cater for borrowers’ real life lending circumstances.”

Head of MCI Mortgage Club Phil Whitehouse said: “The Mortgage Lender has a good brand and is a great addition to our panel.

“The range of residential and buy to let products have criteria that help people with less than straightforward circumstances and the panel appointment is a great opportunity for us to work together.”

The Mortgage Lender is an intermediary-only mortgage lender. It provides real life lending choices for a wide range of borrowers including employed, self-employed, those with impaired credit, lending into retirement and buy to let investors.

So far this year it has launched Help to Buy residential mortgages and its first Buy to Let remortgage product.

It has also completed its first UK mortgage-backed securitisation of residential assets, originated by The Mortgage Lender for a total notes issuance of £238.5m. The oversubscribed deal included £202.2m of note (equivalent to 87 per cent of the pool) rated Aaa/AAA by Moody’s and DBRS.

MCI Mortgage Club was set up in October 2014 as a subsidiary of the eKeeper group of companies which provides a Client Relationship Management system to intermediaries and corporate customers.

By Joanne Gill , of The Mortgage Lender

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