TML has announced a market update, see below. The TML range of products are available through our direct to lender mortgage club and our fees free packager. Contact us to see how you can benefit from our club or packaged support.
View their latest product and criteria here.
Announcement
Brokers prove essential for non-traditional mortgage applicants
96% of non-PAYE applicants said mortgage brokers understood their needs when it came to buying a property, with one in three (65%) applicants saying brokers understood their needs completely, according to the latest research from The Mortgage Lender (TML).
Overwhelmingly, 94% said brokers knew what lenders to approach for their application and 93% said their knowledge of the specialist market was helpful in the home buying process. Similarly, a majority said a broker was helpful in finding the best deals and rates available for the applicant (93%).
Brokers were also helpful in streamlining the process as a whole, with majority of applicants agreeing brokers helped with the deposit amount to put down (92%), knowing what paperwork was required for the application (96%), explaining mortgage terminology (92%) and even sorting the mortgage application on behalf of the applicants (95%). To read more about how the role of brokers are vital for non-traditional applicants, read the full article here.