The soon to be launched specialist intermediary-only lender is partnering with SimplyBiz Mortgages, Paradigm Mortgage Services, The Mortgage Alliance, 3mc and Residential Home Loans.
Product details will be revealed shortly, with a range that will focus on underserved borrowers, while also addressing lending into retirement and mortgages for the self-employed.
Bob Hunt, chief executive of Paradigm Mortgage Services, said: “The Mortgage Lender has a market leading proposition backed up by slick underwriting and a comprehensive broker portal. We’re pleased to have been chosen as one of its limited number of mortgage club launch partners.”
The Mortgage Lender is headed up by former Mortgages PLC boss Trevor Pothecary and will include David Newman as chief financial officer, Hugh Meechan as chief operating officer, Pete Thomson as sales and marketing director, and Alex Cameron as chief administrative officer and general counsel.
Thomson said: “We’ve been working hard behind the scenes in the run up to our launch and have discovered a huge appetite among mortgage clubs, networks and distributors for a new lender that will challenge the market and provide a better deal for customers.
”Announcing our mortgage club launch partners is the first stage of us making those products available to the market.”