Harpenden BS joins TMA lender panel

TMA Club has announced the addition of Harpenden Building Society to its lender panel, granting TMA members immediate access to the lender’s range of mortgage products.

Through the partnership, members will be able to access rates on either a repayment, interest only or part basis from 2.49 per cent for residential lending, let and second property lending rates from 2.69 per cent and rates from 4.39 per cent to 6.19 per cent for specialist lending.

For specialist mortgages, the maximum loan value sits at £2m, while the maximum loan value for non-specialist residential properties currently stands at £3.5m.

The building society also provides financing on self-build properties, operates a manual underwriting process, take multiple streams of income into consideration and agree to a loan in principle within 48 hours.

Commenting, Harpenden head of lending Ken Hale said: “Specialist mortgages are a product whose time has come, with growing pools of borrowers needing tailored lending solutions. Partnering with TMA is a natural extension of our proposition as we look to support more advisers wanting to incorporate a common-sense approach to lending within their business, and we look forward to working with the Club to help more end-customers realise their homeownership goals.”

TMA senior product and business manager Rob McCoy added: “To bring Harpenden onboard is a huge delight as we endeavour to provide the best range of products to our members. Ensuring advisers stay ahead of the curve, particularly within a market that’s constantly evolving, is our top priority and with Harpenden, more of our members will be able to access lending for those all-important specialist customers.

“As more and more customers look for specialist lending, partnerships like this will allow us to support our members with a wider range of solutions to help these types of borrowers and, ultimately, strengthen their business in the long-run.”

TMA has recently added a number of lenders to its panel, including LV= and Paragon. The club currently has 64 lenders on its panel with additional partnerships due to be announced throughout the remainder of the year.

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