United Trust Bank offers direct to brokers through SimplyBiz

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  • 24/07/2018
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United Trust Bank offers direct to brokers through SimplyBiz
United Trust Bank (UTB) is now offering its range of mortgage products to directly authorised broker market through a relationship with SimplyBiz Mortgages.

 

The bank offers second charge loans and first charge mini-mortgages, which had only been available through select master brokers.

But members of SimplyBiz Mortgages can now access UTB’s decision in principal facility before proceeding to the application requirements.

Brokers can use SimplyBiz’s underwriting and business development teams during the process.

Buster Tolfree, UTB commercial director – mortgages (pictured), said: “UTB’s launch into the mortgage market has been extremely successful, largely thanks to the support of a handful of outstanding master brokers and the dedication of the UTB mortgage team.

“Now the time has come to develop our distribution to include a direct to broker offering and SimplyBiz were the obvious choice of partner.

“SimplyBiz Mortgages are the leading player in the directly authorised mortgage broker sector and their introducer centric proposition is an excellent fit with our commitment to developing and delivering great first and second charge products with an unbeatable level of service.

“This is an exciting next step for UTB’s mortgage division and we look forward to working closely with SimplyBiz Mortgages and its members to ensure it is a successful partnership for everyone.”

Martin Reynolds, chief executive of SimplyBiz Mortgages added: “This multi-product launch with UTB is an excellent opportunity for our members to expand their offering to clients.

“Their addition to our second charge panel now makes it a seven direct to lender offering which covers a large percentage of the market.

“Being one of the first distributors to offer the mini mortgage range is a testament to our objective of always searching out the next opportunity,” he added.

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