SimplyBiz Mortgages has doubled the size of its ‘Specialist Property Finance Club’ lender panel over the last 12 months to now feature 20 lenders.
The mortgage club, which is the third largest in the UK, partnered with the Financial Intermediary and Broker Association (FIBA) in March 2021 to launch the industry initiative.
The Specialist Property Finance Club offers advisers and brokers access to a range of commercial lending products, including bridging loans, development finance, commercial mortgages and specialist buy-to-let, from a selected range of FIBA partners.
The partnership provides benefits for SimplyBiz Mortgages members and FIBA partners through exclusive arrangements and enhanced procuration fees, as well as exclusive access to an increased range of specialist lenders and their products.
“We have been delighted with how well the Specialist Property Finance Club has been received by our members since its launch last year, with an increasing number of advisers looking at these markets as they extend their proposition to their clients,” said SimplyBiz Mortgages CEO, Martin Reynolds.
“Transition and educational opportunities are also now available to all our members through our BTL+ hub and the expansion of the Specialist Property Finance Club.
“The work that the FIBA and SimplyBiz Mortgages teams have carried out means that more firms are now seeing the benefits of bridging, development finance and commercial mortgages. We look forward to working closely with the new lenders in coming months.”
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