TMA Club has announced a new partnership with Swansea Building Society which gives members of its club access to the company’s wide range of residential mortgage, buy-to-let and vacation rental products.
TMA is a dedicated mortgage club and support service for Directly Authorized (DA) businesses in the UK middle market. It offers a comprehensive offering of mortgage, protection and general insurance products, as well as compliance support and ancillary services, to support DA building a sustainable, quality business.
It does this by offering an innovative training program, cost-effective technology solutions, flexible compliance support and tailored relationship management. TMA designs its proposals with the aim of supporting its members in the regulatory landscape and offering them opportunities for personal and professional development.
The new partnership means TMA’s offering will now include Swansea Building Society’s recently expanded range of unique and highly competitive mortgage products. This includes its new green mortgage, aimed at encouraging energy-efficient homes. This product is only available on properties that have an Energy Performance Certificate (EPC) of A or B, rewarding the purchase of these homes with a particularly low interest rate.
Swansea Building Society has also recently increased loan-to-value amounts for purchase and vacation rental mortgages, launched new products for limited liability companies’ purchase and vacation rental mortgages, and licenses now demands from wallet owners for the first time in 99 years. the story.
Swansea Building Society’s flexible approach also means that TMA brokers will have several other unique options when offering mortgages to their clients. These include: all cases being underwritten and assessed manually; independent borrowers with complex sources of income being considered on an individual basis; properties with ties to agriculture and small commercial use – including kennels, catteries, boarding houses or vacation homes – are considered; and no credit score is required for applicants.
Alun Williams, chief executive of Swansea Building Society, said:
“We are delighted to enter into this partnership with TMA Club. We are convinced that our unique range of mortgage products and our flexible and personalized approach will broaden the scope of the proposals offered to its brokers and advisors.
“At Swansea Building Society, we believe passionately in creating mortgage products that meet the specific needs of homebuyers, however unique they may be. We process all applications on an individual basis with the goal of helping more people receive the right financing to finance their dream home. »
Lisa Martin, Director of Development at TMA, adds:
“With more advisers seeking advice on underserved clients, such as the self-employed, the addition of Swansea Building Society is very timely and we know it will add value. Swansea Building Society brings a different and refreshing approach to the market, and with this latest partnership we will be able to continue to provide our members with a wide range of products to meet every customer’s needs.