Mortgage News
Primis extends Fleet buy-to-let range to broker network
Primis Mortgage Network has added Fleet Mortgages’ buy-to-let range to its lending panel, following the acquisition of Personal Touch Financial Services (PTFS) by parent company LSL Property services.
The added range was unveiled with a portfolio lending cap of £5m, is available to portfolio landlords with an unlimited number of background properties and requires no stress testing of background portfolio, business plans or cashflow statements.
The range was designed for buy-to-let residential landlords and limited companies and for houses in multiple occupancy (HMOs).
The maximum loan-to-value is 80 per cent.
“Fleet has enjoyed success as part of our Personal Touch Financial Services (PTFS) panel and we hope to extend this throughout the rest of our network,” said Vikki Jefferies, proposition director at Primis (pictured).
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LSL Property Services acquired PTFS for £4.8m in January 2018. Primis and PTFS merged under the Primis brand in February this year.
“Extending our outreach to the rest of the Primis network is paramount to ensuring that more brokers can access the BTL solutions they need to meet growing customer demand. We look forward to working together with Primis to strengthen this market further,” said Steve Cox, distribution director at Fleet Mortgages.