In this brief blog, we are going to talk about the TMA mortgage club.
Who is TMA mortgage club?
The TMA mortgage club is a mortgage club in the United Kingdom which is regulated by the financial conduct authority.
What makes TMA mortgage club unique?
TMA mortgage club has a few unique features which gives it an edge over other mortgage clubs in the UK such as the legal and general mortgage club.
The TMA mortgage club has a comprehensive panel of mortgage lenders.
They offer 24 hours payment of procuration fees. ( Subject to the lender confirming legal completion, and you submit a payment request form on ‘My Portal. )
They offer exclusive mortgage products.
They offer bespoke commercial terms.
They offer access to a support desk and provide access to key regional support managers.
They provide access to key news
They provide regular compliance support which is tailored to fit your business. They also provide regulate updates and guidance on compliance-related issues.
TMA mortgage club also provides a sourcing panel as well as technology for you to efficiently source the right products for your clients. There is also a general insurance sourcing portal and referral portal so you can earn a commission even when you aren’t able to serve the client.
TMA mortgage club also provides specialist lending options such as equity release products and second charge lending products.
There are also second charge and equity referral systems in place so you can refer clients even when you may not be able to serve them.
TMA mortgage club also provides a mortgage protection panel and a mortgage protection referral service so you can refer your clients even if you are not able to find the right mortgage protection panel which suits them.
TMA mortgage club also has a conveyancing panel which will allow you to earn more money when the opportunity arises,
TMA mortgage club also regularly holds events to update, educate and in some cases trains advisors on best practice and how to be more efficient when running their respective businesses.
What lenders are on TMA mortgage club?
There are a variety of lenders(over 59) on the TMA mortgage club panel including lenders who offer Residential mortgages, Buy To Let mortgages, Later Life mortgages, Bridging mortgages, Commercial mortgages and more.
The mortgage lenders on the TMA mortgage club panel include:
Bath Building Society
Buckinghamshire Building Society
Coventry for intermediaries
Foundation Home Loans
Chorley Building Society
Hanley Economic Building Society
Earl-shilton Building society
Leeds Building Society
Leek United Building Society
LV= Equity Release
Nationwide Building Society
NatWest Intermediary Solutions
The Melton Building Society
The Mortgage Works
Tipton & Coseley Building Society
If you want to join the TMA mortgage club you can contact them via the webform on their website or by calling : 0330 303 0236
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.