Jobs boost for Scotland’s financial services sector
New challenger in the mortgage market, The Mortgage Lender, (TML) plans to create up to 109 new jobs in Scotland’s financial services sector after being awarded a Regional Selective Assistance grant from economic development agency Scottish Enterprise.
Glasgow-based TML, which established its first office in Scotland just six months ago, has ambitious expansion plans and will receive up to £800,000 to help it create the new jobs in its city centre office.
Committed to ensuring all jobs created will be paid above the National Living Wage, TML is also embedding youth employment as a recruitment policy so that younger workers are considered for all appropriate roles.
Hugh Meechan, COO at TML, commented:
“We have made Glasgow our base due to its long history and continued position as a key financial services hub. The availability of experienced, loyal and hard-working employees makes the city an ideal location for us to build and grow a successful business.
“At this early stage of our development, support from Scottish Enterprise is both a financial and morale boost. This investment demonstrates its faith in us and our plans, and a desire to help the Glasgow economy.”
Scottish Government Minister for Business, Innovation and Energy, Paul Wheelhouse, said:
“I am pleased to see this investment partnership between Scottish Enterprise and The Mortgage Lender come together. Working like this enables us to bring and retain jobs in Scotland, which in turn supports local economies with the additional spending power well-paid jobs, such as will be created here, bring. Glasgow is a key Financial Services centre for Scotland, and the UK more widely; growth and innovation are vital to its success and clearly embedded in the TML strategy.”
Adrian Gillespie, Managing Director of Growth Companies, Innovation and Infrastructure at Scottish Enterprise said:
“With a strong, established and connected financial sector, Scotland was the ideal launch pad for The Mortgage Lender. Thecompany has joinedthemanyinvestorswho benefit from Scotland’s top talent and effective business environment for the financial sector. It has made great progress since launching earlier this year. We look forward to working with the TML as it progresses its ambitious expansion plan.”
For more information you can visit www.themortgagelender.com.
-ends-
Contact:
GLR PR – 01943 851311
Jason Clarke– Sarah Learoyd – Niamh Hamill
The Mortgage Lender
The Mortgage Lender (TML) is a challenger mortgage lender based in Glasgow.
It offers competitive mortgage products to customers from a range of financial backgrounds, including contractors and the self-employed, exclusively through mortgage intermediaries.
It operates via the intermediary market and distributes its innovative and competitively priced mortgages through intermediaries.
The products can be accessed through the following networks, mortgage clubs and specialist distributors:
Networks
Sesame, Tenet, Pink, First Complete, The Right Mortgage Network, John Charcol.
Mortgage Clubs
Paradigm, Residential Home Loans (RHL), First Complete, Lender Gateway, SimplyBiz, TMA, The 1010 Group, PMS, Brilliant Solutions, Mortgage Force (Scotland), and 3mc.
Specialist Distributors
All Types of Mortgages (AToM), Brightstar, Complete FS, Mortgage Force, Residential Home Loans (RHL), Solent Mortgage Services, The Mortgage Trading Company, TFC Homeloans, The 1010 Group, 3mc, Positive Lending, Brilliant Solutions, The Lending Channel, The Mortgage Partnership, Norton Finance Mortgages, Julian Harris, Connect for Intermediaries, and Black Book Finance Ltd.