Axis partners with Brightstar to boost complex BTL

Axis has been active in complex BTL, including houses in multiple occupation and multi-unit properties, for a while but its distribution has been limited to a select panel of partners.

The lender said it teamed up with Brightstar to benefit from of its market knowledge, experience and dedication to the specialist lending sector.

Axis head of buy-to-let mortgages Andrew Ferguson (pictured) said: “This new partnership will help us to broaden our product distribution and our offering in terms of more competitive and flexible options including complex buy-to-let, while we also continue to focus on delivering a service our clients really value.”

Axis UK is a wholly owned subsidiary of Indian private sector bank Axis Bank, which provides financial services to large and mid-corporates, retail businesses and individuals.

In July it partnered with buy-to-let and commercial finance broker Commercial Trust to target clients based in London and the South East, before expanding its lending area to the South and Wales in September.

Brightstar said its brokers would benefit from greater choice following the deal. Director of specialist mortgages and buy-to-let Chris Bramham said: “Clients’ needs are becoming more complex and diverse. As a result, it is becoming increasingly important that they have a wealth of specialist product options available to them to ensure they get the most suitable deal.

“Axis Bank has some strong unique selling points and, coupled with competitive pricing, this presents a great opportunity for Brightstar to partner with the bank in what has already been a very exciting year.”