Connect network mortgage packager has recently become a packager for Zephyr and Fleet Mortgages. These new lenders focus on buy-to-let mortgages. Connect’s market placement desk helps brokers secure deals with these lenders.
A representative from Connect for Intermediaries told Specialist Lending Solutions about future plans. They mentioned that the company is open to working with more lenders next year. This will expand Connect’s network further.
Zephyr, launched by Computershare Loan Services just before Christmas, accepts applications for buy-to-let properties. They offer competitive rates starting at 2.69%. This includes both individual and limited company buy-to-let properties.
Fleet Mortgages has made changes to benefit borrowers. They now offer free valuations and a new product rental calculation. This is set at 125% of the rental income at a rate of 3.89%. These changes allow borrowers to access more borrowing potential.
As Connect Network Mortgage Packager continues to form new partnerships, the buy-to-let lending landscape will grow. The upcoming year promises continued growth and innovation in this sector.
Connect network mortgage packager | Buy-to-let buoyant
Liz Syms, CEO of Connect for Intermediaries, highlighted the resilience of the buy-to-let market and its vibrancy for property acquisition and remortgaging.
Positive Developments for Landlords
Syms believes introducing new rates and terms is a positive move for landlords. This includes individual property owners, portfolio holders, and those with properties under limited companies. She enthusiastically stated, “These fresh offerings from lenders will benefit brokers catering to buy-to-let clients.”
Assistance for Brokers
“Our specialised market placement desk is ready to assist brokers,” Syms added. They aim to help brokers seize opportunities presented by these new rates and terms.
Partnership with Zephyr Homeloans
Peter Charge, head of sales for Zephyr Homeloans, expressed his excitement about collaborating with Connect as a key intermediary partner. Charge acknowledged Connect’s profound understanding of the specialist buy-to-let sector and anticipates fostering a robust partnership that will contribute to the growth of the Zephyr Homeloans brand.
Fleet Mortgages’ Enhancements
In December 2018, Fleet Mortgages took steps to enhance its product offerings. It introduced new products within its standard and limited company ranges, and specific criteria adjustments were tailored for portfolio landlords.
Navigating a Dynamic Market
This continuous evolution in the buy-to-let landscape positions brokers and landlords to navigate a dynamic market. They can explore diverse property investment and financing opportunities.
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