Together has partnered with Mortgage Broker Tools (MBT) to support brokers looking to place specialist residential first charge mortgages.
The partnership will give over 5,500 brokers across companies, networks and clubs access to Together’s regulated first charge mortgages through MBT’s mortgage affordability platform.
MBT’s users will be able to view options for cases with non-standard criteria, such as complex incomes, shared ownership and unusual properties from lenders able to support prospective customers’ affordability constraints, including Together, to establish the range of lending options available efficiently.
Together’s new partnership is the latest since the launch of its network and club offering in September last year. In this time, it has partnered with eight clubs, as well as a number of networks, including HL Partnership, Mortgage Advice Bureau, Stonebridge, Rosemount and Mortgage Intelligence.
Sales director for networks and clubs at Together, Nick Parker, said: “We are delighted to partner with MBT to further enhance the support for brokers in placing specialist lending business for customers that could benefit from Together’s approach to assessing affordability. Initially launching with first charge residential mortgages, we look forward to adding buy-to-let (BTL) and consumer BTL to our offer in the future.”
Chief executive officer at MBT, Tanya Toumadj, stated: "With volumes of over £20bn being researched every month our intermediary members will be able to efficiently calculate affordability and access criteria for Together’s first charge mortgages supporting more customers in their property ownership ambitions."
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