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
Flex for complex incomes 🤸🏻
Non-standard, as standard.
Gone are the days when everyone works a 9-5 and gets paid through PAYE. And while that additional freedom is great for workers like Mae, you’ll know the challenges that multiple sources of income or poor credit history present when applying for a mortgage.
With 40% of buyers calling for greater understanding of complex incomes, it’s time to work together to provide more opportunities for clients.
Our approach to Complex Incomes is refreshing:
We accept contractors from 3 months (experience in a similar role for min of 12-month period) with weekly rate x 48
We consider overtime, employment bonus, commission, car allowance and regional allowance up to 100%*
We assess up to 100% of second job income*
If you need specialist lending support for your clients with complex incomes:
*Please refer to our criteria guide for more information.