Positive Lending, based in Hampshire, has over 300 years combined experience, working for blue-chip companies including GE Money, Santander, JP Morgan, Lloyds Banking Group, HSBC and Bank of New York.
Directly authorised by the Financial Conduct Authority, Positive Lending will work with Secure Trust Bank as a mortgage packager to process applications on behalf of brokers. It has expertise of structuring mortgage loans for those with complex incomes who cannot access funding from traditional lenders.
Mortgage Solutions revealed details of the bank’s mortgage proposition in March after talking exclusively with Esther Morley (pictured), managing director of the mortgage division.
Tony Hall, head of sales and marketing at Secure Trust Bank Mortgages, said: “Positive Lending has an excellent track record of guiding clients through the lending process and helping them to package loans to ensure they’re getting the best deal. The firm also has experience of working with a wide range of brokers and lenders and we look forward to developing a strong relationship with them.”
Last week, Positive was appointed as a distributor for Shawbrook’s over 55s interest-only mortgage product.