Hanley Economic added to SimplyBiz lending panel

Hanley Economic Building Society has been added to the lending panel of SimplyBiz Mortgages.

The society said it has consistently grown its volume of intermediary business over the past few years and that the latest panel addition will offer SimplyBiz advisers’ access to Hanley Economic’s range of residential, buy-to-let, self-build and retirement interest-only (RIO) mortgages.

For SimplyBiz advisers placing business through Hanley Economic, the society added that each case will be looked at on an individual basis by the in-house underwriting team – with help provided by an intermediary-focused support team from application through to completion.

Hanley Economic business development manager, Sue Pedley, commented: “SimplyBiz is one of the largest and most innovative mortgage clubs in the UK. This is a partnership which makes sense for both parties and allows us to further extend our growing intermediary proposition is an exciting but controlled manner.

“Such relationships also allow us to continue developing our own product range, evaluating internal/external systems and better managing our criteria in line with the growing demands of SimplyBiz advisers. This is a natural step in the right direction, and we plan to build a long-standing relationship to ensure we are the ‘first alternative’ for SimplyBiz members.”

SimplyBiz provides access to a wide range of products and has strong relationships with mortgage distributors – providing the ability to access products that offer solutions for complex client requirements.

SimplyBiz CEO, Martin Reynolds, added: “I am delighted to welcome Hanley Economic to the SimplyBiz panel. The flexible way in which it works, and its approach to considering the individual circumstances of clients when making important decisions about lending, makes it a good fit for the way in which our members operate.”

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