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The Mortgage Lender joins Master Private Finance panel

Posted Thursday 8th of August 2019
THE WORD ON THE STREET

The Mortgage Lender (TML) has been appointed to the panel of newly launched Master Private Finance.

Launched by mortgage and protection network, JLM Mortgage Services in July, Master Private Finance is a specialist mortgage desk created exclusively for JLM network members and their clients.

David Eaves, head of national accounts at The Mortgage Lender, said: “We’re delighted to have been appointed to the newly created Master Private Finance panel.

“Our products are designed to meet the demands of real life, whether that be lending into retirement, self-employment and contract work, through to our excellent Buy to Let range where we will lend to individuals and limited companies. We have further enhanced this with our ex-pat proposition and will now also consider DSS tenancies across all of our BTL products.

“We’re looking forward to offering our unique real-life lending approach to JLM network members and clients.”

Master Private Finance offers JLM’s appointed representative firms access to a panel of mortgage providers that specialise in complex, residential and buy-to-let transactions, as well as secured loans, bridging and development finance and commercial mortgages.

Jonathan Burridge, development director at JLM Mortgage Services said: “Master Private Finance is all about offering a specialist mortgage desk for JLM network members and our aim is to work with quality, specialist lenders in the market who can offer the types of products actively sought across a number of sectors.

“Providing access to the depth and breadth of products on offer from The Mortgage Lender is a real coup for us, given the focus on both residential and buy-to-let. It’s a relatively new lender known for its flexibility and its commitment to real-life lending rather than just working on a tick-box basis.

“We believe JLM members using Master Private Finance – either for client placement and packaging, or via client referrals – will find TML’s offering compelling and will see it has a range of options to fit those clients who are outside the mainstream.

“We’re looking forward to working together with TML and to developing a strong relationship in the months and years ahead.”

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.

By Joanne Gill , of The Mortgage Lender

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