The Mortgage Lender reports record quarter for buy-to-let

Essex Home Finance
The Mortgage Lender has reported record increases in buy-to-let applications and completions during Q3.
The latest Finance and Property News2

The Mortgage Lender has reported record increases in buy-to-let applications and completions during Q3.

The lender says Decisions in Principle were up 15% in September compared to August while applications climbed 13% and completions jumped by 29%.

TML is now expanding its customer service team with the addition of seven Glasgow-based roles including a head of customer support and recoveries and six customer support officers.

Peter Beaumont, chief executive of The Mortgage Lender, said: “Alongside the vast majority of businesses in the UK where we thought we would be at this point in the year and where we are now is completely different.

“But I’m proud of the way our team has responded to those challenges, we adapted, improved our buy-to-let products, introduced desk top valuations, and were able to carry on buy-to-let lending throughout with the backing of a balance sheet lender.

“Our latest performance figures underline the fact that we made the right decisions at the right time and are able to provide buy-to-let products and rates that brokers and their clients find attractive.

“We’re now in a position to grow the team and bolster our customer servicing capabilities as we look to the future and supporting brokers and customers as we all work through the longer term implications of the financial shock of coronavirus.”

Original Article from Financial Reporter 23/10/20

Get In touch

Leave this field blank
Mobile / Home Number
Please choose the closest match to your Mortgage Needs
  • Choose
  • First Time Buyer
  • Help To Buy
  • Homemover
  • Remortgage
  • Buy to Let
  • Equity Release
  • Insurance
  • Home Utilities
  • Nothing found
Essex Home Finance

(01245) 398466

Call Anytime

Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We do not charge for Residential First Time Buyers, Residential Home Movers, Residential Remortgage, and all Product Transfers (Residential or Buy to Let).

There will be a fee for all Buy to Let Purchase and Buy to Let Remortgage cases. Typically our fee will be £149, payable on Offer. We will agree any fees with you before we proceed with your case.

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. 

Our advice is covered under the Financial Ombudsman Service.  You may be able to submit a claim through the  EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.