SimplyBiz Mortgages has partnered with the Financial Intermediary and Broker Association (FIBA) to launch a new industry initiative.
The mortgage club’s ‘Specialist Property Finance Club’ aims to enable easier access to specialist property finance products for both SimplyBiz Mortgages and FIBA members.
The initiative is to offer advisers and brokers access to a full range of commercial lending products, including bridging loans, development finance, commercial mortgages and specialist buy-to-let, from a select number of FIBA partners.
SimplyBiz Mortgages confirmed that the launch will take place with 12 lenders from the FIBA partner panel, who have been selected to provide the full range of commercial property finance. The club revealed it will also be welcoming further lenders onboard over the next year.
“As many firms have taken the opportunity to diversify over the past 12 momentous months, we are excited to bring a unique opportunity to market, through our relationship with sister association FIBA,” commented SimplyBiz Mortgages CEO, Martin Reynolds.
“SimplyBiz Mortgages members now having the ability to access to a number of lenders specialising in this highly defined lender area, who can offer a variety of solutions for their client requirements will add another strength to their proposition.
“Whilst some of the lenders who are part of the launch of the Club, will be familiar to our members, others could potentially be new and therefore offer new and innovative solutions for client requirements.”
FIBA executive chairman, Adam Tyler, added that interest in specialist property finance has been one of the “main drivers” in the association’s membership doubling in 2020.
He said: “The demand across the SimplyBiz Mortgages membership for access to the lender partners at FIBA has meant that the creation of the Specialist Property Finance Club was important at a time when there has been such a growing interest in the sector.
“This new innovation from SimplyBiz Mortgages and FIBA has been embraced by the launch lenders, with the ability for a wider intermediary community to introduce new customers supported by specialists in the commercial sector.”
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