The site is aimed at making it easier for intermediaries to work with the lender, with information on products and services and online decisions-in-principle (DIPs) eKFIs and downloadable application forms available.
Rob Hill, Derbyshire’s corporate communications manager, said: “We are absolutely delighted with the way it looks and how much it will help mortgage intermediaries access information about our products and service.
“One of our key objectives is to make it easier for brokers and their clients to deal with us, which is why we’ve made the new website a lot simpler and quicker to use and added a host of new facilities.”
To coincide with the launch, the lender has also released three buy-to-let mortgage products. The first is a two-year product fixed at 5.08 per cent. There are also two three-year fixes, one at 5.22 per cent and the other at 5.59 per cent. The two-year and 5.22 per cent three-year have an application fee of 1.5 per cent of the loan, with the other three-year available with a £495 fee.
All the products have an early repayment charge (ERC) of 5 per cent, require 125 per cent rental income and landlords can have up to 10 properties, up to a maximum value of £5m, in their portfolio.
Tony Capon, head of intermediary support and development at Derbyshire ISU, said: “These significant enhancements to our buy-to-let mortgage product range mean even more borrowers will be able to reap the rewards of investing in this market.”
David Mead, director at Flexible-mortgage.net, commented: “Some lenders have been a bit slow with their online submissions for buy-to-let mortgages, so this sounds great and would sway us when choosing between two similar rates. Any business done online, where the application gets in the underwriter’s hands quicker, should enhance the service we can offer to our clients.”
