Intermediaries will have the opportunity to take advantage of Classic Homeloans’ range of niche products, with the ability for Mortgage Times to produce offers in-house.
This latest addition to its branded lending panel will bring the total number of lenders to 19. The Mortgage Times Group also offers a mortgage club which consists of over 30 panel lenders that can be accessed direct via its submission process.
Chris May, director of The Mortgage Times Group, commented: “The appointment of Classic Homeloans to our branded lender panel will give intermediaries access to a great range of products and services and it is yet another welcome addition to our growing branded lending programme. We have been in talks with Rooftop Mortgages for sometime now and are pleased to welcome it to our organisation.”
Alison Beech, sales and marketing director at Rooftop Mortgages, said: “Rooftop only does non-conforming deals which range from light to heavy adverse and buy-to-let. We also only distribute through packagers, and this alliance with The Mortgage Times Group will bring our panel of packagers up to 17. We are delighted with this latest addition. ”
But John Mawdsley, director of packager The Mortgage Partnership, said: “A trend is happening amongst packagers to do branded lending but it would be interesting to know the FSA’s exact standing on this lending in the future. We would not want to jump into this sector until we fully understood the regulatory position on this type of lending.”
