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TMA lending this year at same level as 2019

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  • 22/09/2020
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TMA lending this year at same level as 2019
TMA Club’s total lending completions between January and August 2020 were in line with the same period in 2019, illustrating how advisers and the mortgage market have bounced back from lockdown.

 

Overall lending processed by the club in August 2020 was up by 4.4 per cent compared to the same month last year, helping to cancel out of the market freeze in April and May.

The club said the figures were testament to the resilience and proactivity of members during the Covid-19 crisis, as well as the recruitment of a number of directly authorised (DA) firms,

Lisa Martin, development director at TMA (pictured), said: “Today’s figures reflect the hard work of our DA firms and the TMA team in continuing to secure strong results for clients, particularly during the coronavirus pandemic.

“By offering a proposition that evolves and adapts with the ever-changing market, our members have been able to deliver a high level of support to a wide range of customers. Our Business Consultancy programme has also supported DA advisers in future proofing their businesses for 2021 and beyond.”

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