TMA Club has today announced the addition of Newbury Building Society to its lender panel, with the lender offering one of the most diverse ranges of products on the club’s panel, while underwriting all cases on an individual basis with no credit scoring required.

Members of the club will be granted immediate access to Newbury’s wide range of solutions including products for first-time buyers, those looking to remortgage and those in shared ownership properties. Furthermore, TMA’s advisers will also have access to solutions for those that are self-employed and those looking to build their own property, as well as buy-to-let and holiday-let customers.

The building society is renowned for its dedicated intermediary team, with a helpdesk service available to support advisers and lenders with queries ranging from general application questions to obtaining further certification.

Some of the key perks that will members will benefit from are loans for “unusual or complex” borrowing requirements, up to 90 per cent LTV on new-build properties, up to 95 per cent on shared ownership properties and lending to those in retirement, limited companies and expatriates purchasing investment property.

Commenting, TMA Club senior product and business manager Rob McCoy said: “Welcoming Newbury to our lender panel reinforces our ongoing commitment to cater for non-standard borrowers. With ‘specialist’ lending actually becoming the new norm, it is our aim to equip advisers with a range of solutions to cater for this increasing pool of customers so they too can attain their homeownership goals.

“A common-sense approach to lending is imperative in today’s socioeconomic landscape and we will continue to expand our lender panel to ensure our members can deliver the best possible outcome for every single one of their clients.”

Newbury Building Society sales manager Karen Smith added: “Coupling TMA’s broker-centric approach with our own, we are delighted to be partnering with the Club to expand and enhance our customer outreach, especially as more consumers find that mainstream lending is at arm’s length. Together, we will help more advisers ensure that the needs of those who don’t fit the vanilla mould of traditional lending are met, solidifying TMA as the club of choice for intermediaries.”

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