"In July it will be a year since we launched as an intermediary-only lender, which is a proud moment for everyone involved with TML."
The increase will be available for applications received on selected products through its distribution partners between 1 June 2017 and 31 August 2017.
TML offers rates from 1.95%, with 1 in 3 borrowers qualifying for its lowest rate. The lender says that over 98% of offers made since its launch have been on the same, or better, rate than the one quoted on a successful Decision In Principle.
Pete Thomson, Sales and Marketing Director at TML, said: “In July it will be a year since we launched as an intermediary-only lender, which is a proud moment for everyone involved with TML.
“In recognition of this milestone we will be paying an additional £250 procuration fee on selected products over the summer months as a thank you to those who have supported us over the last year.
“Over recent months we’ve been asking brokers and distribution partners to #ChallengeTML to offer their clients a better deal or to do things differently. We’ve had a great response to our challenge and we have seen applications increase. We have also made a number of enhancements to our administration processes as a result of the feedback we’ve received.”
