Together has launched new partnerships with seven different mortgage clubs to broaden the distribution of the specialist lender’s products.
Club Access, Legal & General, PMS Mortgage Club, Simply Biz, Paradigm, TMA Mortgage Club, finova and Next Intelligence have signed up to Together’s network and club portal.
Through the portal, these firms will be able to submit regulated first charge mortgages, buy-to-let (BTL) and consumer BTL applications direct to the Cheadle-based lender. The member firms will also be able to submit cases for additional specialist products including Together’s bridging, commercial term and second charge loans through the clubs’ packaging partners.
As a result of the new partnerships, Together has widened is reach by up to 17,000 more advisers.
Head of networks and clubs at Together, Nick Parker, said: “We are delighted to be bringing on board these excellent partners, allowing us to reach more customers and introduce them to our expansive product portfolio across both commercial and personal finance.
“Demand for specialist lending is forecast to grow significantly in the near future as more and more people find themselves falling outside of standard lending criteria. The huge growth in numbers of self-employed, later life, complex income and shared ownership applicants is set to swell by 70% by 2029.
“Having built the proposition and portal, which has been extremely well received by the network partners that have joined us since September, I am excited to extend the proposition further to include club members.”
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