TMA Club has added Monmouthshire Building Society to its lender panel, following its return to the broker market.
As a result, TMA’s directly authorised partners are among a select group of brokers currently with access to the society’s residential, buy-to-let and commercial mortgage ranges.
The Newport-based lender paused its lending last year, while it developed a new loans origination platform to make the application and approval process smoother and quicker. It is working with a small group of distributors, including TMA, ahead of a full launch later this year.
The society operates across England and Wales, lending up to 85 and offering loans of up to 95% LTV.
It will also lend up to 5.5 times income and accepts 100% of overtime, shift allowance and commission in its affordability calculations.
Alongside flexible residential criteria, the society offers personal and limited company buy-to-let loans, commercial mortgages and holiday lets.
Senior product and business manager at TMA, Robert McCoy, added: "Adding Monmouthshire to our panel gives our DA brokers access to a genuinely flexible lender at a time when more and more clients don't fit the standard mould.
"Its manual underwriting, higher age limits and generous approach to affordability make it a strong option for the complex cases advisers are increasingly seeing, from later-life borrowers to the self-employed and those with variable income. We're pleased to be working with Monmouthshire and we’re sure its ranges will be popular with our brokers.”
Mortgage distribution manager at Monmouthshire Building Society, Caroline Mitchell, added: “We're delighted to be working with TMA as we return to the broker market. TMA's reputation and reach made them a natural partner to support this next stage of our journey.
"Having invested in new technology to make things simpler and quicker for brokers, we're being deliberately measured in how we reintroduce our proposition, working with a select group of distributors before we open up more widely. We are looking forward to building on our already excellent relationship with TMA now our products are available to its DA broker partners.”
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories