TMA Club lending volumes remain consistent with 2019

TMA Club has announced that its total lending figures between January and August were consistent with the same period in 2019.

Overall lending completed TMA during August was also up by 4.4% compared to the same month last year.

The club suggested its latest figures are “testament to the resilience and proactivity of the club’s members”, as well as the recruitment of several Directly Authorised (DA) firms.

TMA development director, Lisa Martin, commented: “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.”

TMA’s figures come after LSL reported a similar level of growth across its Financial Services (FS) division, of which TMA is a part, with the group’s market share of mortgage completions having risen from 8.5% in the first half of 2019 to 9.2% in the first half of this year.

“As we look ahead to the remainder of the year, growing and enhancing the TMA proposition will continue to be our core focus,” Martin added. “This will put both our advisers and the club itself in a strong position for the future as we continue to drive sales among our members and work with firms to provide more customers with the financial solutions they need.”

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