The mortgage club's DA brokers gain access to the lender's range of specialist residential mortgage products
Specialist lender West One Loans has announced the addition of SimplyBiz Mortgages to its residential mortgage intermediary panel, further expanding its distribution reach.
Directly authorised brokers writing cases through the mortgage club will now be able to access West One’s range of specialist residential mortgage products, aimed at borrowers who have non-standard borrowing requirements, such as self-employed borrowers, older applicants, and those who struggle to meet the credit scoring requirements of high street lenders.
SimplyBiz is one of the UK’s largest mortgage clubs and currently supports over 4,300 intermediaries. Aside from SimplyBiz, brokers can also access West One’s first charge range through a network of specialist distributors that are also affiliated with SimplyBiz Mortgages, including Brightstar, Crystal Specialist Finance, Loan.co.uk, and Impact.
“SimplyBiz Mortgages is one of the biggest and most respected distributors in the UK mortgage market, so we are thrilled to be able to add them to our residential intermediary panel,” Marie Grundy (pictured), managing director of residential mortgages and second charges at West One Loans, said.
“We believe demand for specialist lending will soar over the coming years. And, with this new partnership in place, we will be able to reach more of the millions of borrowers out there who need finance but who fall foul of mainstream criteria.
“Our residential proposition is evolving fast, and over the coming weeks and months, we want to ensure more and more brokers are able to access our products so we can play our part in serving those who are disenfranchised in the current market.”
Martin Reynolds, chief executive at SimplyBiz Mortgages, agreed that demand for specialist finance is growing and that it is important that there are plenty of options for those who don’t fit the mainstream criteria.
“Having access to the new West One residential range is another positive solution for our brokers, who gain another valuable option for clients who have non-standard requirements,” Reynolds added. “It also demonstrates our commitment to the specialist market and to finding solutions for borrowers who have precious few options in the current environment.
“We are two organisations that share common values, and so, I am extremely confident this partnership will turn out to be a long and fruitful one for both of us.”
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