The Buy to Let Club has become Axis Bank’s sixth specialist buy-to-let range distributor, but the lender is finalising partnerships with several London broker firms for its next distribution phase, Mortgage Solutions understands.
The buy-to-let lender which launched in April this year is already in partnership with TBMC, 3mc, Atom, Mortgages for Business and Complete FS.
The specialist lender, owned by Unit Trust of India the third biggest Indian bank, offers buy to let mortgages to landlords with over two years’ experience and three or more rented properties. The lender will consider Houses of Multiple Occupations (HMO) with up to six bedrooms, holiday lets and expat applicants and offers a maximum loan size of £1m, subject to a £5m total exposure limit.
Andrew Ferguson, head of buy-to-let mortgages at Axis Bank, said we are keen to work closely with a select panel of distributors.
He added: “We are delighted to continue our planned panel expansion with Buy to Let Club, one of the most highly regarded firms in the sector. The initial reaction from the team has been very positive and enquiries are already flowing.”
Ying Tan, managing director of Buy to Let Club, said the lender really understands the market and has spent a lot of time consulting with distributors that can deliver volume.
“Since launching in April of this year Axis has become one of the most dynamic lenders in the buy-to-let space. With competitive rates and a great range of products I’ve no doubt it will become a major name in the sector and I’m delighted to welcome it to our panel,” he said.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
