The panel expansion has also been accompanied by the appointment of new in-house bridging specialist Victoria Barnard, a former broker liaison manager at First 4 Bridging
Buy to Let Club managing director Ying Tan (pictured) said: “We are very pleased to be welcoming MTF and LendInvest to our panel and are certain that Buy to Let Club members will greatly appreciate the propositions offered by these two specialist lenders.”
Buy to Let Club has had bridging lenders on its panel since its inception in 2012, however the firm launched a separate panel earlier this year. “We see this as a huge growth area and one we have underserved in the past,” said Tan.
So far the panel has featured bridging lenders Octopus, Precise, Shawbrook, and West One in addition to MTF and Lendinvest. The firm now plans to continue to grow its bridging team and further expand its reach in the short-term market.
Meanwhile, LendInvest chief commercial officer Matthew Tooth said the lender had been working on enhancing its specialist products over the past months. “Being selected to join the Buy to Let Club is not only a huge endorsement of what we do, it also allows us to put these new products in front of one of the industry’s widest and most experienced set of brokers,” he said.
Barnard has been brought in to improve Buy to Let Club’s offering to its members as the broker seeks to position itself in a changing marketplace, the firm said.
“2017 has the potential to be a major year for the bridging market, but not all brokers fully understand the products on offer,” said Tan.
“There are many innovative and creative ways in which bridging finance can be used and brokers would do well to investigate these opportunities. Victoria is ideally placed to enable them to do just that.”