Members will have access to up to eight firms representing secured and unsecured loans, bridging, commercial and development finance, complex buy to let, including limited companies, and specialist residential mortgages.
Following a three-month tender process, SimplyBiz appointed AToM, Brightstar, Crystal Specialist Finance, Fluent Money, TFC Homeloans and The Mortgage Trading Company. It also added The Lending Channel (Scotland) and Loans.co.uk (Northern Ireland) to offer local knowledge and support.
In addition, the support services group will host masterclasses and webinars, and publish specialist literature over the coming months to provide better knowledge and understanding of the specialist market to its members.
SimplyBiz already runs specialist panels, such as a second charge loan panel but said it wanted to give advisers a more comprehensive offering.
Chief executive Martin Reynolds (pictured), said: “We have run successful separate ancillary panels for many years, but felt that it was opportune to review how this was structured post Mortgage Credit Directive. Mortgages are becoming more complex and using all the resources available to you as an adviser is key as we move forward.”