In July TML will celebrate their first year since launching as an intermediary-only lender. For a limited time they are offering an additional £250 procuration fee per completed mortgage application on all products within Tiers 1-6, excluding fees-assisted remortgage range.
The enhanced procuration fee will apply to applications submitted between 1st June and 31st August 2017, and will be paid on completion. It is payable on applications that are submitted via approved partners including TFC Homeloans and does not apply to direct submissions.
This new initiative marks the latest phase of the #ChallengeTML campaign, which aims to raise awareness of their proposition in the market by inviting intermediaries to challenge them to offer their clients a better deal or to improve the products and service offered.
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We are delighted to announce we have completed a merger deal with Solent Mortgage Services (SMS).
The merger marks a key stage in TFC and Solent Mortgage Services’ ambitious growth strategies and has created one market leading organisation with one of the strongest distribution models in the UK.
Managing director of SMS, Ian Balfour, will become director of sales and marketing across both SMS and TFC, reporting to managing director Nigel Payne.
Payne said: "Solent Mortgage Services is a hugely respected packaging business and fits perfectly into TFC's long-term growth strategy.
"Ian is also one of the most experienced and skilled professionals in the specialist lending sector. We can’t wait to have him working alongside us to build the UK’s most trusted mortgage packager."
Balfour added: "By cementing two of the country’s most experienced and well-respected distribution brands, we are building a market-leading business to grow in the ever-changing packager, distribution and specialist sector."
"SMS and TFC have had a close working relationship for 15 years, even down to sharing the same pioneering mortgage technology. We have distinct but complementary skills, expertise, and distribution networks.
"And we share a bold strategy to create a strong, efficient packager that is trusted by clients, brokers and lenders."
Mick Ramage, managing director of Hoyl Group, said: "We have owned Solent Mortgage Services since 2008 and are pleased to announce that we have agreed this deal with TFC Homeloans - an organisation which is the perfect fit at the right time. We will retain an interest in the overall group and are excited about its future plans."
Packager TFC Homeloans has boosted its new business and processing teams, recruiting three talented individuals into its head office in Manchester.
The new hires bring the total number of staff at TFC to 30.
Paul Morrison is hired as a new case owner in the processing team, and is fully CeMAP qualified. He brings extensive experience to TFC from his role as a commercial mortgage adviser with Barclays Business.
Paul said: “Having worked for a mortgage provider I’m excited to now be able to support intermediaries with solutions from across the market. I can already see that TFC is an ambitious, positive place to work with a clear commitment to brokers and their clients.”
New completions officer in the processing team is Connor Naughton, who brings with him financial services experience from Think Money and Harrington Brooks. When he isn’t helping brokers and their clients he plays football for fan-owned football club, FC United of Manchester. Finally, Jordan Flint has joined TFC providing underwriting support to the new business team. This is his first financial services role having previously worked in sales. Before that he was a PGA qualified golf professional for five years.
Nigel Payne said: “All three of our new recruits are settling in well and helping us to build a trusted mortgage packager by doing things the right way.
“Like all of our staff they will benefit from our employee training and development programme, that will support them to progress in the business as TFC continues to grow.”