Lender - The Mortgage Lender

The Mortgage Lender

About Us

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Proc Fees

Product	Gross Fee paid by lender	Net fee paid to regulated broker	Net Fee paid to non-regulated & client referral service
Residential	0.80%	0.50%	0.25%
Buy to Let	0.85%	0.50%	0.25%
Club Route	0.60%	0.50%	N/A
Product Transfer	0.30%	0.28%	0.14%

Less than usual is business as usual

People in our industry talk about ‘specialist lending’. And sure, technically that’s what we do, but ‘specialist’ isn’t how we see ourselves. Ditch the industry chat and our business is simple — it’s just lending for real life.

Ours is a world of individuals – everyone is unique. We help people with unique circumstances into the homes of their dreams. Supporting the self-employed, the entrepreneurs and the buy-to-letters – that’s real life lending.

Key features – Top 4 USPs

Self-employed

Complex Incomes

Adverse Credit

Buy to Let

Residential

Real life is complicated, but lending doesn’t have to be. Our range of mortgages are designed for those with complex circumstances; for the entrepreneurs, the creatives, the self-employed and those on commission and bonuses.

We can help the first-timers and the re-mortgagers too. That’s more cases, and potentially more business for you – including Shared Ownership, Interest Only and Large Loans.

Self-employed

Income based on latest year’s accounts (No averaging)
Profit before tax plus salary used for affordability, for Ltd Company directors with over 25% shareholding
Minimum of 12 months trading up to 90% LTV
Most recent years certified accounts OR Tax Calculation (SA302) with Tax Year Overview acceptable as income evidence

Complex incomes

Existing Contractors – must have been contracting for 12 months
New Contractors must have been contracting for a min of 3 months (similar experience in similar role for min of 12 month period)
Income calculation of up to max of weekly rate x 48
Current contract must be for a minimum of 6 months, less than 6 months considered on a case by case basis

Contractors

Allow up to 2 missed payments on each unsecured commitment in the past 6 months
Arrears under £500 ignored, CCJs under £300 ignored
Up to 4 missed payments in 24 on secured loans (0 missed payments in 12 months)
Up to 3 CCJs and 4 defaults in the last 36 months (0 in 6 months)
Defaults on utilities and telecommunications not considered as adverse credit
Debt Management Plans accepted
Previous Bankruptcy and IVA considered – 12 months post discharge

Buy to Let

Make more landlords happy. Our brilliant BTL range features competitive interest rates, helpful fixed-rate deals and generous LTVs. We offer lending on Corporate lets, Student lets and Holiday & short term lets, as well as HMO & MUBs. What’s not to love?

Landlord

Available to Individuals & Limited Companies
No minimum income
Communications and utilities arrears and defaults not treated as impaired credit
Max age 80 at application and 95 at the end of the term

Portfolio lending

No limit on number of properties considered – £5m maximum lending with TML
Re-mortgage within 6 months of purchase can be considered
Portfolio Multi-Loan product
Specialist Portfolio Underwriting team

Expat

LTV – 75% max
Available to : Individuals and Ltd Co

Never mind the orthodox

Mainstream just isn’t us – we don’t use credit score cascading or faceless, inflexible processes. Yawn. Our understanding underwriters would rather work with you to come up with real answers to real issues. And that’s why we call it lending for real life.

The Mortgage Lender

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