MT Finance has become the latest full member to join the Intermediary Mortgage Lenders Association (IMLA). IMLA now sports a combined total of 69 members, comprised of 53 full members and 16 associate members.
MT Finance is a leading property finance lender specialising in loans on both a first and second charge basis. Since starting operations as a bridging lender in 2008, they have served property professionals, business owners and individuals, offering fit-for-purpose short-term loans at speed. Their Buy to Let proposition was launched in July 2022.
MT Finance prides itself on speed and delivers short-term loan completions in a matter of days with instant decisions in principle and a streamlined lending process. The BTL offering mirrors this speed and efficiency. The lender will be represented at IMLA meetings by Marylen Edwards, Head of Lending, BTL at MT Finance.
As a full member, MT Finance will join the ranks of lenders comprising over 90% of gross UK mortgage lending, with IMLA representing their voice to regulators, the government and beyond.
Kate Davies Executive Director of IMLA, commented:
“We’re delighted to welcome MT Finance as the latest full member of IMLA. As a provider of specialist lending across first and second charge mortgages, they can bring a distinct perspective to our discussions, including how we tackle some of the challenges facing the mortgage market today. We look forward to working together.”
Marylen Edwards, Head of Lending, BTL at MT Finance, added:
“It’s a pleasure to join the ranks of IMLA as a full member. 2023 poses a range of macroeconomic challenges for the mortgage market, making collaboration between lenders to address these issues all the more vital. We are really looking forward to contributing to the discussions held by IMLA over the coming year, bringing our own expertise in the specialist lending space to the table.”
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Notes to Editors
The Intermediary Mortgage Lenders Association (IMLA) is the trade association that represents mortgage lenders who lend to UK consumers and businesses via the broker channel. Its membership of 53 banks, building societies and specialist lenders include 18 of the 20 largest UK mortgage lenders (measured by gross lending) and account for about 90% of mortgage lending (91.6% of balances and 92.8% of gross lending).
About MT Finance
MT Finance is a leading property finance lender, specialising in bridging loans and auction finance. Since they were set up in 2008, they have been proud to assist numerous property professionals, business owners, and individuals with their finance requirements. Their reputation in the market excels for delivering fit-for-purpose short-term loans at speed, and their approach to lending has been consistently recognised within the financial services industry.