Greenfield Mortgages announced it has been added to New Leaf Distribution’s panel of bridging lenders.
The lender said the partnership will provide all New Leaf advisers with access to Greenfield Mortgages’ bridging products.
Greenfield Mortgages, which provides fast and competitive FCA regulated and unregulated bridging loans, announced that its key product features include loans available from £26,000 to £5m and up to 70% LTV, with terms available for up to 12 months.
New Leaf founder and CEO, Mark Hobbs, said: “It gives me great pleasure to welcome Greenfield Mortgages to our bridging panel as a key partner in the bridging arena and we look forward to building a strong relationship over the years to come.”
Other features of Greenfield Mortgages’ offering include no minimum income or affordability requirements, no monthly payments as loans are repaid with a bullet at redemption, as well as lending on properties considered uninhabitable or in need of refurbishment.
Greenfield Mortgages relationship manager, Averil Wagoner, added: “By becoming a panelled lender, we will be able to strengthen our relationship with New Leaf advisers to offer our range of bridging products.
“New Leaf advisers are welcome to give us a call and talk through their case to receive a quick underwriting decision from the beginning of our process.”
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