The Club, which will open for business on October 31, will offer a range of exclusive mortgage products and intermediaries will have access to dedicated broker desks who will work closely with all buy-to-let lenders who are willing to put business through non-regulated brokers as well as commercial lenders including Norwich and Peterborough, Royal Bank of Scotland and Barclays.
Sally Laker, Managing Director, Mortgage Intelligence said: “Having spoken to several brokers at our roadshows, we realised that many of their clients are building up an extensive buy-to-let portfolio and that there is also a demand for commercial investment purchases and remortgages. A growing number of brokers are specialising in these areas. In the last 6 months commercial enquiries have increased significantly and this market looks set to increase in size dramatically.”
Sally Laker continued, “ We have launched Spirit, Vantage and Elan our solutions for regulated brokers but we don’t want to exclude those brokers that don’t wish become FSA regulated.”
Guy Batchelor, sales and marketing director at Platform commented, ” This is a great idea as there are many commercial brokers who do buy-to-let who won’t become regulated. Mortgage Intelligence will be able to use its buying power to negotiate exclusives.”
