Based in Glasgow, The Mortgage Lender lends up to the age of 80, specialises in home loans for contractors and the self-employed and also potential borrowers turned down by high street lenders.
The lender’s launch distribution partners included five mortgage clubs: SimplyBiz Mortgages, Paradigm Mortgage Services, The Mortgage Alliance, 3mc and Residential Home Loans.
Jane Benjamin, head of relationship management at Sesame Bankhall Group, said: “We are always seeking ways of offering more choice to our members and their customers. The Mortgage Lender’s attractive proposition and processes could offer advisers a real alternative for those customers who don’t fit the typical criteria of high street providers but still represent good borrowers.
“We’re excited about being able to speak with our advisers about a brand that is aiming to challenge the market and benefit customers.”
The Mortgage Lender’s sales and marketing director, Pete Thomson said: “When we conceived the idea of The Mortgage Lender it was a real opportunity to build an operation, product range and pricing structure that worked for the people who would be sitting in front of customers.
“We’re delighted PMS Mortgage Club agrees we’re providing what they want.”