TMA Club has embarked upon a new partnership with United Trust Bank for Intermediaries (UTB).
The club’s Directly Authorised (DA) brokers now have access to UTB’s residential mortgage products.
UTB offers a range of residential mortgage products which cover first and second charges and includes flexibility on property type, construction, complex income, self-employment and adverse credit. Other product features include no maximum property value for purchase and remortgage products, including for first-time buyers, and remortgage products for flats above commercial properties or with balcony access.
Example highlights of the partnership for TMA brokers include:
- United Trust Bank can lend up to £1m on first charges
- No Solicitors required for remortgages, resulting in rapid completions
- Non-standard construction and most property types accepted
- No valuations required subject to criteria
- No minimum credit score required
Lisa Martin, development director at TMA, said: “The sector needs to find alternative solutions for those many customers who are struggling currently to meet the criteria of many high street lenders.
“United Trust Bank brings a different and refreshing approach to the market, and through this latest partnership, we will be able to continue providing our members with a wide range of products to suit each client’s needs.”
Mike Walters (pictured), sales director – mortgages, United Trust Bank, added: “We’re excited to be partnering with TMA, one of the UK’s leading mortgage clubs, and give its members access to our range of residential mortgage products.
“We pride ourselves on providing competitive products and outstanding service to brokers and their customers and our investment in technology combined with highly skilled people enables us to deliver quick and smooth customer journeys leading to successful outcomes which meet the needs of each borrower.
“My thanks to Hannah Oades from UTB and TMA’s Robert McCoy who have worked hard to launch this partnership which I’m sure will benefit TMA’s brokers and our mutual customers.”
