TMA has added the short-term lender, Greenfield Mortgages, to its panel to strengthen the Club’s bridging proposition.
TMA announced its members will have immediate access to Greenfield’s range of products available to borrowers looking for short-term lending solutions – with either residential or commercial properties.
The new partnership will also mean customers of the Club’s members will benefit from competitive underwriting, with Greenfield considering each case on its own merits.
TMA development director, Lisa Martin, commented: “As customer lending becomes more varied, we are committed to ensuring that intermediaries have access to a varied selection of lenders and propositions.
“Welcoming Greenfield to our lender panel is testament to the fact that we are constantly striving to offer our members a proposition that evolves and adapts with the market. Our DA firms will now be better equipped to serve customers looking for short-term lending solutions – with the added benefit of fair and no-nonsense underwriting.”
The partnership will include loans available from £26,000 to £5,000,000, up to 70% LTVs, as well as terms available up to 12 months.
TMA added that its advisers will also benefit from a quick underwriting process – with Greenfield providing a DIP within one hour of an initial application enquiry.
Greenfield Mortgages relationship manager, Averil Wagoner, said: “We’re pleased to be kicking-off the New Year by joining TMA’s specialist panel of lenders. We look forward to growing our relationship with TMA and supporting members in placing their regulated and unregulated bridging cases.”
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