TMA Club adds Harpenden BS to its lender panel

TMA Club adds Harpenden BS to its lender panel

 

Residential rates begin from 2.49 per cent for repayment, interest only and part- or part-basis loans and for lets and second properties it’s 2.69 per cent. The maximum loan value for residential properties is £3.5m.

Specialist mortgage rates begin from 4.39 per cent up to 6.19 per cent and the maximum loan value is £2m.

The mortgages are available to people who are employed, self-employed, contractors or retired, with the manual underwriting process not involving a credit score.

The types of income considered in the affordability assessment include salary, bonuses, commission, self-employed income, rental income and pension and investment trust income.

The range of property types covered include self-build, modern construction methods, listed, thatched and holiday lets and homes. The range offers residential bridging loans.

“It’s our top priority to ensure that advisers stay ahead in a market that’s constantly evolving. By bringing Harpenden on board, more of our members will have access to lending for those all-important specialist customers. More and more customers want specialist solutions. Partnerships such as this enable us to support our members, help borrowers and strengthen business in the long-run,” said Rob McCoy, senior product and business manager at TMA Club (pictured).

“Specialist mortgages are a product whose time has come. Growing pools of borrowers need tailored lending solutions. Partnering with TMA Club is a natural extension of our proposition. We want to support more advisers with a common-sense approach to lending,” said Ken Hale, head of lending at Harpending Building Society.