Dudley Building Society has joined TFC Homeloans’ panel of lenders to widen its distribution of intermediary-only mortgage products.
The society’s range is tailored towards non-standard borrowers which are underserved by mainstream lenders.
In June, the society reported a 68% rise in mortgage lending to £52.2m in its accounts for the year ended 31 March, alongside a 60% surge in profits to £887,000. CEO Jeremy Wood said this was proof that its intermediary-only lending strategy had ‘borne fruit’.
Wood said he had been impressed with TFC’s service ethic and commitment to the intermediary community.
TFC’s Cheshire location would give northern-based brokers an alternative point of contact more local to them, Wood added.
Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions.
Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.