Landbay adds Sesame and PMS as Assetz chooses Connect as first network

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  • 20/09/2018
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Landbay adds Sesame and PMS as Assetz chooses Connect as first network
Landbay has partnered with the Sesame Network and PMS Mortgage Club, whilst Assetz Capital has agreed a deal with Connect for Intermediaries for the network to be the first distributing its products.

 

Landbay has joined the two panels to offer Sesame and PMS’ intermediaries products for portfolio landlords, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), first-time landlords, limited companies and new build properties.

Sesame and PMS members will, in turn, be able to access Landbay’s online intermediary portal, which includes features such as case tracking and a property portfolio key.

Paul Brett, managing director of intermediaries at Landbay (pictured), said: “We are hitting new lending records every month, and this is largely driven by a surge of demand from those affected by last year’s PRA underwriting rules.

“Mainstream lenders are now less well equipped to deal with complex cases, so brokers are shifting towards specialist lenders who can offer greater flexibility. Working with Sesame and PMS will enable us to expand our support to a wide range of brokers across the UK, and offer our services to those who would benefit from our expertise.”

Stephanie Charman, specialist relationship manager at Sesame and PMS, said that the team is excited to welcome Landbay to the panel of lenders.

She added: “The firm’s tailored and specialist approach will be extremely valuable to our members, especially given the ever more complex buy-to-let market.”

 

Assetz Capital chooses Connect for Intermediaries as its first network

Assetz Capital will provide commercial loans, development finance, bridging and buy-to-let to brokers who are part of the Connect specialist network or use its packaging arm.

The lender will provide both first and second charge loans with rates starting from 0.59% per month for its bridging loans, from 6.9% per year for commercial mortgages and from 6.4% on buy to let. It will also lend both to ex-pats and to foreign nationals.

Assetz said has lent in excess of £600m to UK businesses to date and returned £47m to its investors.

CEO of Connect for Intermediaries Liz Syms said: “We are highly flattered that Assetz has chosen Connect for Intermediaries as the first network to partner with and distribute its products through.

“We are always looking to add additional value for the brokers who work with us and Assetz will certainly help us to achieve this with an attitude of wanting to help every borrower and completely bespoke underwriting.”

Damien Druce, director and head of intermediary sales, said that working with a network was a significant step.

He added: “The reason we chose Connect for Intermediaries is because of its in-depth understanding of the specialist market.

Connect helps brokers to put their cases together and carries out all the packaging and administration for both ARs and DAs so we know that the quality of cases that we receive from Connect will always be exceptionally high.

“We believe that this partnership with Connect will help us to accelerate our growth even further.”

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