BlueZest has strengthened its mortgage distribution by collaborating with Connect for Intermediaries, a leading network and packager. This partnership makes Connect one of the select distributors offering BlueZest mortgages to both appointed representatives (ARs) and directly authorised (DA) advisers. Additionally, ARs connected with specific networks can also access these products.
Competitive Mortgage Options for Buy-to-Let Investors
BlueZest’s portfolio offers compelling solutions for buy-to-let (BTL) investors. Key highlights include a 3.69% rate available at a 60% loan-to-value (LTV) ratio. For loans of up to £500,000, borrowers can secure rates ranging between 5.25% and 5.35% at an 85% LTV. These options cater to a wide audience, including first-time landlords, individuals, and companies. Importantly, there are no early repayment charges after the first year, adding significant flexibility.
Short-Term Mortgages for Property Developers
BlueZest has launched short-term mortgages tailored for refurbishments, conversions, and new builds to support landlords and developers. This innovative product provides upfront funding secured against a borrower’s existing non-development property. The short-term terms extend up to 18 months, with rates set between 8% and 12%.
After this period, borrowers can transition smoothly to a standard buy-to-let mortgage, provided affordability criteria are met. This flexible approach highlights BlueZest’s dedication to addressing the dynamic requirements of property investors.
Meeting the Needs of Modern Investors
BlueZest’s strategic offerings demonstrate its commitment to providing versatile and competitive financing. By partnering with Connect for Intermediaries and expanding its mortgage products, the lender is well-positioned to meet the evolving demands of the UK property market.
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Specialised networks & packagers
Liz Syms, the CEO of Connect for Intermediaries, expressed satisfaction at being among the exclusive networks and packagers selected to distribute BlueZest’s products. She highlighted the significance of this collaboration for their Appointed Representatives (ARs) and brokers, emphasising the added value these innovative products would bring to their services.
“I am confident that our ARs and the brokers utilising our packaging services will eagerly embrace the opportunity to offer these products. This enables them to enhance their business placement capabilities and provides additional solutions for their buy-to-let clients,” said Liz Syms.
The partnership between BlueZest and Connect for Intermediaries follows Connect’s recent achievement as the first network distributor for the State Bank of India in the UK, further solidifying its position in the financial distribution sector.
