Brightstar will work closely with the building society to offer a case by case approach to individual underwriting and assist clients experiencing difficulty accessing mortgage funds.
Borrowers include those who have less than three years accounts, unusual property types or are employed on a contract basis.
Rob Jupp, Brightstar Financial’s managing director said: “The difficulty in placing quality business with mainstream residential lenders is often infuriating. We are confident that the Manchester’s cogent approach to lending will provide assistance to a number of our clients, in turn producing additional income for mortgage intermediaries.”
Chris Mitton, market relationship manager at Manchester Building Society added: “We look forward to developing a constructive relationship with Rob and the team going into 2012 and beyond. The society’s underwriting assessments are based on our ‘common sense’ culture and we are committed to providing finance to clients with sound covenants at sensible pricing.”
