Connect network mortgage packager has recently partnered with Zephyr and Fleet Mortgages, two new buy-to-let lenders. Acting as a mortgage packager, Connect supports brokers in securing competitive deals for their clients. Its market placement desk offers a seamless process, helping brokers navigate these lenders’ products.
A representative for Connect revealed plans to collaborate with more lenders in the next year. This expansion will strengthen their network, offering brokers and clients broader mortgage options.
Zephyr Mortgages, launched by Computershare Loan Services before the holiday season, is already accepting applications. It caters to individual and limited company buy-to-let borrowers. Its competitive rates begin at 2.69%, positioning it as an attractive option for property investors.
Fleet Mortgages has also introduced borrower-friendly updates to its offerings. These include free property valuations and a revised rental calculation of 125% at 3.89%. This change enhances affordability, enabling borrowers to access higher loan amounts more flexibly.
With these developments, Connect for Intermediaries is set to play a significant role in the evolving buy-to-let market. Their partnerships reflect the growing demand for innovative lending solutions in the UK mortgage sector.
Connect network mortgage packager | Buy-to-let buoyant
Liz Syms, CEO of Connect for Intermediaries, highlighted the buy-to-let market’s ongoing resilience, emphasising its vibrancy for both property acquisition and remortgaging endeavours.
According to Syms, introducing new rates and terms is a positive development for landlords, including individual property owners, portfolio holders, and those with properties under limited companies.
Syms expressed her enthusiasm, stating, “These fresh offerings from lenders will undoubtedly benefit brokers catering to buy-to-let clients. Our specialised market placement desk is ready to assist brokers in seizing the opportunities presented by these new rates and terms.”
Peter Charge, head of sales for Zephyr Homeloans, conveyed his excitement about collaborating with Connect as a key intermediary partner. He acknowledged Connect’s profound
understanding of the specialist buy-to-let sector and anticipates fostering a robust partnership as they collectively contribute to the growth of the Zephyr Homeloans brand.
In December 2018, Fleet Mortgages had already taken steps to enhance its product offerings, introducing new products within its standard and limited company ranges, coupled with specific criteria adjustments tailored for portfolio landlords.
This continuous evolution in the buy-to-let landscape positions brokers and landlords to navigate a dynamic market with diverse property investment and financing opportunities.
We’ve come to the end of our announcement on the Connect network mortgage packager.
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