First Complete plans to retain TMA’s brand and expand its proposition to mortgage and insurance advisers who are directly authorized.

Established in 1999, TML currently supports more than3,500 directly authorised brokers.

First Complete CEO Jon Round said the Mortgage Alliance is a mortgage club with a good reputation which has an exceptional offering to directly authorised advisers.

Santander spokesperson said Santander is committed to becoming the best commercial bank in the UK. Following a strategic review and in line with its focus on core business areas, the bank can confirm that Santander have taken the decision to sell The Mortgage Alliance to the LSL Group.