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SimplyBiz launches new specialist lending panel
SimplyBiz Mortgages has launched a new specialist and complex lending panel following an in-depth tender process.
Members of the mortgage club will have access to up to eight firms who can offer a combination of solutions for secured and unsecured loans, bridging, commercial and development finance as well as complex buy-to-let, including limited companies and specialist residential mortgages.
The new panel features AToM, Brightstar, Crystal Specialist Finance, Fluent Money, TFC Homeloans and the Mortgage Trading Company.
SimplyBiz has also added two regional specialists – the Lending Channel and Loan.co.uk – to offer local knowledge for Scottish and Northern Irish properties respectively.
Martin Reynolds, CEO of SimplyBiz Mortgages, felt that mortgages were becoming more complex and using all the resources available was key to moving forward.
“We have run successful separate ancillary panels for many years, but felt that it was opportune to review how this was structured post-Mortgage Credit Directive.
“Following a three-month due diligence process, we believe that we have created a new panel that will offer members both choice and access to a wealth of knowledge that will enable them to help more of their clients.
“We also felt that offering dedicated regional support with local knowledge on the panel would increase the interaction.”
A host of masterclasses, webinars, bespoke specialist magazines and literature will be issued over the next few months, which will provide greater knowledge and understanding of the specialist market for its members.
Rob Jupp, CEO of Brightstar, said the SimplyBiz specialist lending tender was certainly one of the most comprehensive that it had participated in.
“…We were delighted when we received communication that we will [be] working with its members on all specialist lending areas.
“We have been impressed at how strong its business is with other partnerships and look forward to working with many of its members in the years ahead, and assisting them in developing additional income and value through specialist lending.”
Nigel Payne, managing director of TFC Homeloans, added: “Partnering with one of the UK’s leading mortgage clubs is a fantastic way to kick off 2017.
“SimplyBiz Mortgages is innovative, robust and totally committed to brokers, just like TFC, and we can’t wait to start working together.”
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