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The Mortgage Lender completes its first ever case

The Mortgage Lender completes its first ever case

The Mortgage Lender (TML) has completed its first mortgage nine weeks after launching.

The deal was introduced to TML through TMA who acted as advisers for the Independent Mortgage and Loan Company .

The clients were a young professional couple, both film producers, who opted for a two-year tracker mortgage to purchase a terraced house in London.

They had non-standard incomes and a previous mortgage for a buy-to-let property that they had switched from repayment to interest only based on advice from their accountant.

This led to a downgrading of their credit rating from their original lender.

Fortunately for the borrowers, after reviewing their case, TMA were able to complete the mortgage.

Pete Thomson, TML sales and marketing director, commented: “We are absolutely delighted to have helped an introducer with a particularly complicated case and that we could help borrowers with non-standard incomes move into their new home.”

Tom O’Neill, director at the Independent Mortgage and Loan Company, said: “This was never going to be an easy case, but also it only needed grown-up experienced underwriting.

“From the start The Mortgage Lender’s underwriting team was accessible, they took a pragmatic, reasonable and rational approach to the case, while all the time remembering there were two human beings at the centre of this difficult transaction.

“They spoke to the existing lender, examined the situation and satisfied themselves.

“If they came across a hurdle, they came back to us to ask for more information and kept us and the client informed every step of the way.

“TML got the mortgage offer out really quickly given the complexity of the case and were mindful [that] the client was at the centre of the process throughout.

“We were more than impressed.”

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