The Mortgage Lender Residential
1 year’s accounts for up to 85% LTV: Ideal for self-employed clients, TML accepts just one year of trading history, allowing more borrowers to qualify, even those who have recently started their business.
Latest figures used for affordability: When assessing affordability, TML will work with the most up-to-date figures, giving clients the benefit of their current earnings rather than relying on outdated information.
Flexible treatment of complex income: TML is experienced with complex income structures, including those with multiple income streams or irregular earnings, such as bonuses, commission, or contractor income.
Debt Management Plans (DMPs) considered: TML accepts clients currently in or who have completed Debt Management Plans, helping those with a history of financial difficulty still secure a mortgage.
Defaults from communications and utilities ignored: Borrowers with defaults on mobile phones, broadband, or utility accounts can still be considered, ensuring minor credit blips don’t prevent homeownership.
Up to 85% LTV on adverse credit cases: Even borrowers with a complex credit history can access higher loan-to-value ratios, up to 85%, broadening opportunities for those with some adverse credit.
Up to age 80 at the end of the term: TML is ideal for older borrowers, allowing mortgage terms that extend up to age 80, ensuring clients approaching or in retirement can access suitable products.
Wide acceptance of non-standard property types: TML considers a range of property types that may fall outside the criteria of mainstream lenders, including flats above commercial premises, ex-local authority, and more.
No credit scoring, but manual underwriting: TML uses a human approach to underwriting, meaning applications are reviewed individually, rather than relying on automated credit scoring, which can work in favour of clients with non-standard profiles.
Self-employed and contractor-friendly: TML has a deep understanding of the needs of self-employed clients, including contractors, making it easier for brokers to place more complex cases that mainstream lenders may decline.
