Fleet Mortgages, the buy-to-let and specialist lender, has today (12th July 2016) announced the addition of Mortgage Intelligence networks and mortgage club, to its distributor panel.
From today, all appointed representatives (ARs) and directly authorised (DA) members of Mortgage Intelligence will be able to submit business directly to Fleet Mortgages, who offer buy-to-let mortgages exclusively through intermediaries. Their products are available to individuals, limited companies and those looking to invest in Houses in Multiple Occupation. Their core range of products includes:
• Two-year fixed, 70% LTV, with a 1% fee at 3.09%
• Limited company two-year fixed, 65% LTV with a 1.5% fee at 3.99%
• Limited company lifetime tracker, 70% LTV with a 1.5% fee at 4.5% and rental calculation 125% at 5%
• HMO two-year fixed 65% LTV with a 2% fee at 4.09%.
All products are available to view by visiting Fleet Mortgages’ website at: www.fleetmortgages.co.uk/products-p-9.html
Bob Young, Chief Executive Officer of Fleet Mortgages, commented:
“Developing our distributor panel has been a core focus for us throughout 2016 and we’re therefore very pleased to begin working directly with both Mortgage Intelligence, its ARs and club members. We already have a strong relationship with the team at Mortgage Intelligence, one of the most prominent and established networks and clubs in the marketplace and are looking forward to working with their members in order to help develop their buy-to-let advice propositions. We would like to ensure they are up to date with both our product and criteria offering given the upcoming changes in the industry.
“These are undoubtedly changing times for buy-to-let however the demand for private rental property and finance to purchase it remains strong. We anticipate a much more professionally-focused landlord in the months and years to come, and this is where our business is strongly positioned – in areas like limited company purchases and HMOs where we can help advisers meet the needs of their clients. We would therefore urge all Mortgage Intelligence members to review our products and criteria, and contact our in-house sales team and BDMs to see how Fleet Mortgages can support them.”
Sally Laker, Managing Director of Mortgage Intelligence, said:
“It’s important that as the Buy to Let landscape continues to evolve, we are able to meet the needs of our advisers and their clients by providing a diverse and flexible panel of lenders. We feel the addition of Fleet Mortgages, a specialist lender that prides itself on delivering innovation and experience to the Buy to Let market, is a really positive development in achieving this commitment.”
For further information on Fleet Mortgages, please visit: www.fleetmortgages.co.uk
For more information on Mortgage Intelligence, please visit:
For further information please contact:
Bob Young, Chief Executive Officer, Fleet Mortgages
Direct line: 01252 916800
Rob Griffiths, White Dragon Communications Ltd
Mobile: 07983 641566, email@example.com
NOTES TO EDITORS
About Fleet Mortgages
• Fleet Mortgages is a buy-to-let and specialist lender established in 2014 and based in Fleet, Hampshire.
• Fleet Mortgages is headed by Chief Executive Officer, Bob Young – formerly Managing Director of CHL Mortgages – and a senior management team and staff with many years experience of the UK lending market, particularly the buy-to-let and specialist sectors.
• Fleet Mortgages is partnered with one of the world’s largest asset managers.
• Fleet Mortgages launched in December 2014 and currently focuses on the buy-to-let market offering mortgages to professional landlords, as well as limited companies and those seeking finance for Houses in Multiple Occupation (HMOs).
About Mortgage Intelligence Holdings
Mortgage Intelligence Holdings was acquired by Countrywide in April 2011, the UK’s largest mortgage broker and property services Group. The following brands operate under Mortgage Intelligence Holdings.
Mortgage Intelligence and Mortgage Next: Established in 1996, Mortgage Intelligence, which merged with Mortgage Next in 2009, has become one of the UK’s leading mortgage networks. They offer award winning mortgage and insurance services to over 400 appointed representatives. Both networks focus on high quality of service and support offered to their intermediaries.
FYB Network: Mortgage Intelligence Holdings acquired Life and Easy trading as FYB Network in September 2012. FYB’s brand joined Mortgage Intelligence and Mortgage Next brands under the umbrella of Mortgage Intelligence Holdings Ltd. They offer both mortgages and insurance services. They were originally founded in 2004 and became a fully authorised network in May 2007.
Next Intelligence: Next Intelligence launched as a new brand in April 2011, bringing together Mortgage Intelligence and Mortgage Next’s directly authorised clubs which were both established in 1996. They offer premium brokers services to over 3500 mortgage intermediaries including mortgages, general insurance and a new protection panel which was launched in September 2011.
For more information about Mortgage Intelligence, please contact:
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