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Mortgage Placement Co in own-brand link-up with non-conforming lender

Non-conforming lender Mortgages plc is teaming up with The Mortgage Placement Company to offer its products to its 8,000 members.

Mortgages plc hopes the deal, which will allow TMPC to brand the lender&#39s product range as its own, will lead to the introduction of more than £120m of new mortgage business.

Mortgages plc offers a range of non-conforming loans, including self-certification, right to buy and mortgages for borrowers with a poor or irregular credit history.

Mortgages plc sales and marketing director Peter Beaumont says: “Signing this agreement has been a significant coup for us against the bigger players in the market and it has been one of our key priorities in 2002 to secure strong relationships with significant volume producers.

“The agreement high-lights the value that large companies and brokers place on the high levels of service and innovation we provide.”

TMPC director Edwin Coughtrie says: “Our decision to work with Mortgages plc came as a result of extensive research into all of the non-conforming lenders operating in the market.

“Mortgages plc stood out in terms of service and product and its aggressive stance in the marketplace. It is also important to us that the lender we work with shows total commitment to the intermediary market.”

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