TLT teams up with asset management and fact-finding experts to launch interest-only resolution for lenders

Graham Walters

The new partnership, with Spicerhaart Corporate Sales and Excel, is aimed at assisting interest-only mortgage borrowers who are reluctant to engage with lenders and agree a resolution.

It sees both the customer and the lender engaged throughout the journey to resolution, whether that is repayment, conversion, re-mortgage, the sale of the property, or where there is no other solution, litigation.

The approach aims to deliver a clear strategy for the lender within 90 days.

Graham Walters, partner at TLT, said: “We aim to provide absolute resolution both for the customer and the lender based on the customer’s individual circumstances. Interest-only resolution is an issue that needs to be dealt with and we believe that our approach can help.”