Up to 17,000 advisers can source the property lender’s specialist products
Seven mortgage clubs have partnered with property lender Together to expand access to its specialist lending products.
The new agreements will allow Club Access, Legal & General, PMS Mortgage Club, SimplyBiz, Paradigm, TMA Mortgage Club, finova, and Next Intelligence to use Together’s bespoke network and club portal for submitting a range of regulated and specialist mortgage applications.
Advisers from these clubs will now be able to directly submit regulated first charge, buy-to-let, and consumer BTL mortgage applications to the Cheadle-based lender. In addition, the partnerships enable advisers to access Together’s bridging loans, commercial term loans, and second charge lending through the clubs’ packaging partners.
The partnerships are expected to expand Together’s distribution network to include up to 17,000 additional advisers, significantly broadening the lender’s market reach.
“We are delighted to be bringing on board these excellent partners, allowing us to reach more customers and introduce them to our expansive product portfolio across both commercial and personal finance,” Nick Parker (pictured), head of networks and clubs at Together.
Parker noted that demand for specialist lending is projected to grow as more borrowers fall outside traditional lending criteria. He highlighted the rise in self-employed workers, later life borrowers, complex income earners, and shared ownership applicants — groups expected to grow by 70% by 2029.
Together’s Residential Market Report forecasts the specialist lending market will expand from £32 billion to £54 billion between 2023 and 2029. By making its specialist products more accessible to brokers, Together – which boasts 50 years of specialist lending history – aims to address this growing demand and provide solutions for customers who don’t meet standard lending criteria.
“By building knowledge of the specialist product options and offering a wider breadth of ways brokers can submit cases to Together, the industry will be best placed to serve a growing customer base in the future,” Parker added.
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