Specialist and mutual lenders expand for new partnerships
Three mortgage networks have announced new lender partnerships aimed at broadening access to specialist and flexible products for brokers and their clients.
The Right Mortgage & Protection Network has added Loughborough Building Society to its lender panel, allowing its appointed representative (AR) firms to access the mutual’s full range of mortgage products. These include solutions for first-time buyers, remortgaging, buy-to-let, borrowing into retirement, holiday lets, and more.
The Loughborough recently introduced a new mortgage origination platform featuring an integrated credit decisioning system and soft credit checks at the decision-in-principle stage. It also offers a suite of affordability calculators tailored for intermediaries, including a universal credit calculator and tools for specialist lending needs.
“The building society sector continues to push the envelope in terms of product enhancements and innovation, so we are very pleased to announce this new partnership with Loughborough Building Society who are dedicated to providing the best for both advisers and their clients,” said Victoria Clark (pictured left), head of lending at The Right Mortgage & Protection Network.
Similarly, mortgage club Next Intelligence has added United Trust Bank (UTB) Mortgages to its lender panel. The move enables the lender to further expand its distribution across Great Britain, bringing its specialist mortgage products to the club’s more than 6,000 registered advisers.
UTB caters to borrowers with complex income profiles, adverse credit histories, or properties not typically accepted by mainstream lenders. The bank also promotes a hands-on underwriting approach and continues to invest in technology to streamline the application process.
“We are delighted to be working more closely with UTB as part of our commitment to providing flexibility and choice to our members,” said Cat Armstrong (pictured centre), mortgage club director at Next Intelligence.
In addition to UTB, Next Intelligence has also recently onboarded six other lenders – Bath Building Society, Greenfield Bridging, Keystone Property Finance, Leek Building Society, SDKA and Vernon Building Society – to further diversify its panel.
Meanwhile, Catalyst Property Finance has been added to Brilliant Solutions’ panel, allowing brokers using Brilliant’s mortgage club and specialist packager to access Catalyst’s short- to medium-term property loans. These include bridging, refurbishment, commercial, development exit, and specialist buy-to-let finance.
“Partnering with Catalyst Property Finance enhances our offering to brokers by providing access to a lender renowned for speed, service, and flexibility,” commented Michael Craig (pictured right), managing director at Brilliant Solutions. “Their expertise in specialist finance perfectly matches our commitment to delivering the best lending solutions for brokers.”
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