This follows the recent announcement by Deutsche Bank to extend the rollout of their specialist lending operation to the broader packager market. The addition of db mortgages means that Praxis now has over 20 specialist lenders on its panel.
Dudley Aldous, sales and marketing director at Praxis, said: “We are very excited about this launch and expect a great deal of interest from our intermediaries, as their product range offers real benefit to our customers and their clients. Their buy to let (BTL) products are especially strong and I know that the offer of rental based and self-cert income based products will have wide appeal. It is also good news that our brokers will also benefit from the market leading fixed rates that they have launched for a limited period to coincide with this launch, such as the 90 per cent loan-to-value (LTV) self-cert BTL from 5.40 per cent.
"The launch of db mortgages has already been well received and we are pleased that our brokers will have the opportunity to offer these products to their customers. Everybody at Praxis is looking forward to developing a strong partnership with db mortgages and we welcome their commitment to the packager distribution channel. They compliment and enhance our already strong product range and we know that a number of our network partners are excited that they will have the opportunity to work with db mortgages.”
