TMA Club has announced the addition of Chorley Building Society to its lender panel – offering its members access to a broad range of products, including a freshly launched buy-to-let product exclusive to intermediaries.
Chorley Building Society – one of the oldest building societies in the country – offers borrowers a personal service. TMA Club members will benefit from a direct relationship with underwriters who will look beyond a credit score.
The addition of Chorley Building Society will give brokers the opportunity to service a wide range of mortgage clients. These brokers will now have the option to refer clients who might usually struggle to gain access to the mortgage they need.
These include those of retirement age, freelancers or the self-employed, as well as those who have recently experienced a life event, which they have recovered from, but has impacted their credit profile.
“We are forever committed to providing our brokers with the strongest panel available to help them meet their clients’ needs,” said Rob McCoy, senior business and product manager at TMA, said.
“We’re therefore delighted to have Chorley Building Society join the panel; with the lender’s personal and realistic approach to lending and commitment to the intermediary market, we’re sure our members will enjoy working with them.”
Chorley’s most recent buy-to-let product is only accessible through intermediaries and has a discount variable rate of 3.49% for the first three years. The loan, available to borrowers with three or less buy-to-let properties, offers up to 80% LTV with the minimum loan size of £80,000 and the maximum of £1 million (subject to LTV).
Julie Goodwin, head of business development at Chorley Building Society, added: “Following the successful launch of our buy-to-let product exclusive to intermediaries, we are excited to be joining the TMA Club panel and expanding our reach.”
“Chorley Building Society is dedicated to supporting the intermediary market and we look forward to working closely with TMA’s brokers and their clients.”