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Our service and turnaround times

Figures accurate as of 15th February 2021
Dips Reviewed

Dips Reviewed

within 24 hours

Applications Reviewed

Applications Reviewed

within 72 hours

Documents Assessed

Documents Assessed

within 72 hours

Valuations Assessed

Valuations Assessed

within 72 hours

Telephone average wait time

Telephone average wait time

34 seconds

App to Offer (working days)

App to Offer (working days)

36 days

The Word On The Street
Thursday 28th of January 2021

Shawbrook Bank acquires TML

Shawbrook Bank has acquired The Mortgage Lender for an undisclosed sum underpinning its plans to grow market share in residential and buy to let markets.

The deal, which has regulatory approval, provides TML with balance sheet funding for its existing specialist, intermediary-only mortgages alongside the ability to expand its product range in the future.

TML chief executive Peter Beaumont said: “The deal is great news for TML, our broker partners and borrowers. We’ve worked closely with Shawbrook Bank for the last three years, it’s a progression of that partnership and a great strategic and cultural fit for both businesses.

“It provides the strength of a retail funded bank for our buy to let and residential propositions together with the ability to expand our product range in the future.

“It’s very much business as usual. We are retaining our brand, will operate as a separately regulated entity and are recruiting to support existing borrowers and increased lending volumes.

“We will also be investing in the business to accelerate our digital transformation and build on our success as an originator in the specialist intermediary-only mortgage market.”

Shawbrook Chief Executive Officer, Ian Cowie commented: “The acquisition is an exciting and unique opportunity for both Shawbrook and TML, and will help to drive further growth in our Property Finance franchise. 

“TML is a highly respected business and is already well known to us given the successful partnership we’ve developed over the past three years.  The acquisition offers strong strategic alignment, adding significant depth and expertise as well as access to adjacent specialist markets.  It will also serve to maximise the benefits of investment in our digital capabilities and enhance our offering to intermediaries.”  

The Mortgage Lender founder and chairman Trevor Pothecary said: “I am proud the company I envisaged over six years ago has grown into a thriving specialist mortgage lender. We are delighted to become part of Shawbrook Bank which marks the next chapter in our growth and is an exciting time for our team, intermediary partners and customers.”

The Mortgage Lender was formed by Trevor Pothecary, in 2015, a former chief executive of Mortgages Plc. Its management team also includes chief executive Peter Beaumont who was on the board of Mortgages plc, Keith Street, former head of Kensington Mortgages, as chief commercial director, Hugh Meechan as chief operating officer and David Newman as chief financial officer.

Written by Sarah Learoydof The Mortgage Lender

Fancy another?

There’s plenty more where that came from. These ones are on us.

Thursday 11th February 2021

Sarah McCawley joins The Mortgage Lender

The Mortgage Lender has appointed Sarah McCawley into the role of business…
Read more triangle-right

Tuesday 9th February 2021

TML expands residential range with Help to Buy

The Mortgage Lender has expanded its recently launched residential range with the…
Read more triangle-right

Thursday 28th January 2021

Shawbrook Bank acquires TML

Shawbrook Bank has acquired The Mortgage Lender for an undisclosed sum underpinning…
Read more triangle-right

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