The partnership gives the 3,500 directly authorised advisers SimplyBiz supports access to Secure Trust’s full mortgage range.
The lender launched its mortgage range earlier this year. It targets those underserved by traditional high street lenders. Financing is typically provided over a term of up to 35 years with fixed interest rate periods of two, three and five years.
The firm’s purchase and remortgage products currently have a maximum loan to value of 85% and a maximum loan size of £2m.
Martin Reynolds, chief executive at SimplyBiz Mortgages, said: “We have been in discussions with Secure Trust Bank for over a year and have worked with them to develop the proposition ready for roll out to the directly authorised market.
“We are delighted to be the first mortgage compliance and business support provider that Secure Trust Bank has partnered with and believe that our members and their clients will benefit from the products and criteria now available to them.”
Tony Hall (pictured), head of sales and marketing at Secure Trust Bank Mortgages, added: “SimplyBiz has more than ten years’ experience in this market and a comprehensive panel of lenders in its club, so we’re delighted to become a part of it.”
