The addition of igroup, a GE Money Home Lending brand, takes Praxis' lending panel to 23.
Among the igroup product features on offer through Praxis are 100 per cent loan-to-value (LTV) lending, 95 per cent maximum self-certification, flexible underwriting - with an underwriter on site to process offers – as well as non-standard mortgage deals.
igroup is the third lender Praxis has added – alongside Advantage and Freedom – in 2007, while Praxis’ lender panel has increased by 50 per cent since the start of 2006.
Dudley Aldous, Praxis’ sales and marketing director, said: “We are always look to try and offer the widest possible range of lender partners to our brokers and clients.
“Praxis already works alongside First National from the GE Money Home Lending group and it is one of our most popular lenders. We are excited about bringing igroup on board and being able to add its products to the many we already offer.”
Colin Davison, national account manager for GE Money Home Lending, added: “The key partnerships area is a growing channel in the market and a key factor in our distribution strategy.
“We are delighted that Praxis will now be offering the igroup product range and GE Money Home Lending look forward to building upon our already strong working relationship."
