The deal will give SimplyBiz’s members access to new limited company buy-to-lets, day one remortgages, foreign currency loans and self builds.
SimplyBiz said it was “impressed” with Newbury’s level of service and commitment to the intermediary market.
It said it saw opportunities for its members in the partnership particularly as Newbury accepts individual manual underwriting.
Chief executive Martin Reynolds (pictured) said: “It is a pleasure to welcome Newbury Building Society on to our panel. Its flexible approach recognises that borrowers come in all shapes and sizes and that is why it will consider all circumstances and employment situations, partnered with no credit score.”
Newbury said it was looking to grow its directly authorised distribution. The firm turns 160 years old this year.
Head of lending Roger Knight said: “We are confident that our flexibility and wealth of experience in the mortgage market will enable advisers to support and help more customers.
“We will work closely together to ensure advisers understand our criteria and product range, we look forward to our partnership developing and growing over the coming months.”