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Blue Zest to lend through Connect

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  • 08/11/2017
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Blue Zest to lend through Connect
BlueZest is now distributing its mortgages through the Connect for Intermediaries network and packager.

Connect is one of the few distributors to offer BlueZest mortgages for its own appointed representatives (ARs) and directly authorised (DA) advisers, as well as ARs of some other networks.

The lender’s range of products for BTL investors include a 3.69% rate at 60% loan-to-value (LTV), with rates between 5.25% and 5.35% at 85% for loans up to £500,000.

The mortgages are available for companies, individuals and first-time landlords with no early repayment charges after the first year.

It is also offering a range of short term mortgages aimed at landlords and developers, which are available for refurbishments, conversions and new builds.

BlueZest will advance the funds upfront, secured on a non-development property already owned by a landlord or developer.

These short-term mortgages are initially available for periods up to 18 months with rates between 8% and 12%, but, subject to affordability, the borrower can then move seamlessly onto a standard buy-to-let mortgage from BlueZest’s range.

 

Specialised networks and packagers

BlueZest chief executive Chris Slater said: “We have begun our launch to market with a small number of very specialised networks and packagers.

“We wanted to introduce our innovative products through partners who intimately understand and specialise in the buy-to-let market, and Connect for Intermediaries fits that bill perfectly. So we look forward to a long, successful partnership.”

Connect for Intermediaries CEO Liz Syms (pictured) added that the business was pleased to be one of the very few networks and packagers able to distribute the products.

“I am sure our ARs and the brokers that use our packaging services will equally welcome the opportunity to offer these products, enabling them to place more business and provide yet more solutions to their BTL clients,” she said.

Last month Connect became the State Bank of India’s first network distributor in the UK.

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