Finova Payment and Mortgage Services adds Quantum Mortgages to panel

Finova Payment and Mortgage Services adds Quantum Mortgages to panel

Quantum Mortgages joins Finova Payment and Mortgage Services’ panel of over 70 lenders, including residential, bridging, buy to let and equity release.

The partnership will give Finova’s directly authorised broker network instant access to Quantum Mortgages’ launch offer of £99 valuation fees on single unit properties up to a £500,000 valuation.

Quantum Mortgages lends to professional landlords buying or refinancing properties across England, Wales and Northern Ireland. The lender has four product ranges available: single unit properties, multi-unit range, specialist range, and expat and foreign national.

Jason Neale, managing director at Quantum mortgages, said: “We look forward to working with Finova and utilising its  growing network to connect more landlords with our buy-to-let propositions.

Melanie Spencer, head of Finova Payment and Mortgage Services, said: “Our mortgage panel continues to grow from strength to strength. The addition of Quantum Mortgages grants our brokers access to another specialist loan provider ensuring the diverse needs of all borrowers are met and accounted for.”

Finova Payment and Mortgage Services is the UK’s largest cloud-based savings software provider, supporting over 60 leading lenders, 3,000 mortgage brokers and 200 financial institutions.

Quantum Mortgages adds MAB to panel

Quantum Mortgages adds MAB to panel

MAB will distribute the lender’s range of buy-to-let products which covers single unit, new build, ex-local authority, green products, houses in multiple occupation (HMO) and multi-unit freehold blocks for individuals and limited companies.

Quantum Mortgages was launched this year and is led by Jason Neale, who was previously head of buy-to-let lending at Axis Bank.

The lender has partnered with Finova, Brilliant Solutions, Impact Specialist Finance, SimplyBiz and TFC Homeloans.

Spencer Gale, sales director at Quantum Mortgages, said: “Another great addition to the panel, we are delighted to be working with MAB, as one of the UK’s leading mortgage intermediary brands with over 400 firms and 1,600 advisers across the UK, I look forward to seeing how our proposition adds value across the network.”

Brian Murphy, lending manager at Mortgage Advice Bureau, added: “We are pleased to welcome Quantum Mortgages to MAB, their ‘common sense’ lending proposition will provide our advisers with even more choice in the specialist BTL sector, and we look forward to working with them closely.”

Quantum Mortgages and Zephyr Homeloans expand packager panels – round-up

Quantum Mortgages and Zephyr Homeloans expand packager panels – round-up

TFC Homeloans will gain access to and distribute the lender’s entire range, including products for single unit, green, houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) purposes. This also includes its mortgages for ex-pat, foreign national, individual and limited company borrowers. 

Spencer Gale, sales director at Quantum Mortgages, said: “We are delighted to be working with TFC Homeloans, a specialist distributor who have been packaging for 30 years, they will enhance our proposition to the market and provide valuable solutions to its intermediary partners with a common-sense approach to lending.” 

Wayne Smethurst, managing director at TFC Homeloans, added: “Our market does need more innovation from lenders post the pandemic.  

“Quantum are looking to provide a new positive approach based on – as they say – common-sense lending. TFC are pleased to be offering these products to our intermediary partners via our 1APP lender portal.” 

 

Zephyr Homeloans partners with Brilliant Solutions 

Zephyr Homeloans, the specialist BTL mortgage lender, has appointed Brilliant Solutions mortgage club as a packager partner.  

The lender said this would enable Brilliant Solutions to manage landlord customers’ applications for Zephyr’s standard and specialist BTL mortgage products.  

Zephyr also said this would result in a closer working relationship with Brilliant Solutions, following its addition to its BTL lending panel in October 2020. 

Paul Fryers, managing director at Zephyr Homeloans said: “We have worked with Brilliant Solutions for a number of years via the mortgage club route, and it is fantastic that they are joining us as a packager partner to help their broker members support landlord customers through the mortgage application lifecycle.” 

Matthew Arena, managing director at Brilliant Solutions, added: “In becoming a packager partner for Zephyr Homeloans, we will be able to provide specialist support for brokers and present them with a wider market of mortgage options.  

“As a Zephyr Homeloans-approved packager, we look forward to making the mortgage application process as straight-forward as possible for landlord customers.” 

Legal and General integrates 10 lenders into SmartrFit

Legal and General integrates 10 lenders into SmartrFit

The tool is free to use and can be accessed by advisers using a Legal and General agency number, or via third parties including SimplyBizMortgages, One Mortgage System, and Smartr365.

It allows advisers to carry out criteria, affordability, and product searches for residential and buy-to-let mortgages from a panel of up to 73 lenders. 

The latest residential lenders to sign up include Teachers for Intermediaries, Newbury Building Society, and Newcastle for Intermediaries, while buy-to-let ranges from Mansfield Building Society, Darlington Building Society, and Quantum Mortgages will be available.

Danny Belton (pictured), head of lender relationships at Legal and General Mortgage Club, said the additional providers will ensure there is even more choice for advisers, and their customers.

He said: “By integrating more bespoke mortgage lenders that specialise in residential and buy-to-let markets, we are pleased to enable access to a broader range of providers which may prove particularly useful for landlords with specific borrowing needs.” 

Roger Knight, lending manager at Newbury Building Society said: We appreciate that there are a whole host of obstacles for advisers trying to source the best suited mortgage for their customers, and that the use of mortgage research tools is imperative in helping advisers work effectively in today’s market.”

Diane Lloyd-Andrews, intermediary relationship manager at Teachers for Intermediaries said: “At Teachers, we’re delighted to now have our mortgage products on SmartrFit and provide Legal & General users with even more choice to make informed decisions for their customers.”

Quantum Mortgages added to SimplyBiz lender panel

Quantum Mortgages added to SimplyBiz lender panel

As a result of the partnership, members of SimplyBiz will now have access to Quantum’s range of specialist buy-to-let products.

Quantum’s range is aimed at the professional end of the landlord market, with products covering both single and multi-units, including multi-unit freehold blocks, houses in multiple occupancy and semi-commercial properties. 

The firm closed a seed funding round last year, securing an initial £1bn of funds managed by alternative asset manager CarVal Investors, and recruited Jason Neale to the post of managing director

The lender has been on a distribution drive of late, adding Impact Specialist Finance and Brilliant Solutions to its packaging panels

Martin Reynolds (pictured), CEO of SimplyBiz Mortgages, said that Quantum would offer extra options for brokers looking to place cases that sit outside standard buy-to-let lending.

He continued: “Quantum will provide more choice and additional supporting criteria to members, and its approach to underwriting will hopefully allow for more positive decisions and therefore better outcomes for all.”

Spencer Gale, sales director at Quantum Mortgages, added: “SimplyBiz Mortgages has impressive strength and reach across the UK intermediary market and having access to our specialist buy-to-let range will provide another layer of solution for more complex cases that brokers may find hard to place. I am confident we can add value to the club’s existing buy-to-let focus.”

Serena Grewal joins Quantum Mortgages as key account manager

Serena Grewal joins Quantum Mortgages as key account manager

Grewal joins from Santander where she was a business development manager and is the third key account manager to join Quantum Mortgages.

She graduated from Kingston University with an economics degree in 2007 and began her career in financial services at Capstone Mortgages.

After finishing her CeMAP, Grewal worked as a mortgage adviser and later headed teams of advisers at both Natwest and Post Office Money.

In the last four years she has been a business development manger at Santander helping intermediaries secure both residential and buy-to-let mortgages in the south.

Quantum Mortgages is an intermediary-only specialist lender, aimed at fulfilling the funding needs of experienced landlords.

It launched earlier this year following a seed funding round which secured an initial £1bn with the backing of funds managed by CarVal Investors, a global alternative asset manager. 

Quantum’s other key account managers include Harsha Dahyea and Paul Ormonde.

Spencer Gale, sales director at Quantum Mortgages said: “Serena brings many years of experience as a mortgage broker and subsequent business development manager role for one of the largest financial institutions in the UK to the business. Her enthusiasm and personality light up a room and I cannot wait to see how she develops over the coming months in the specialist sector bringing those skills to intermediaries across the south of England.

Grewal said she was looking forward to working with intermediaries. She added: “In the complex buy-to-let market, having the ability to discuss cases with underwriters and having a common-sense approach, which sometimes the high street lenders lack was a major part of the decision for me to join them. The journey Quantum Mortgages are on and the market space they have entered really excites me and I can’t wait to be able to find solutions for both experienced and portfolio landlords in the months ahead.”

Criteria Brain hits 90th lender milestone with Quantum Mortgages addition

Criteria Brain hits 90th lender milestone with Quantum Mortgages addition

Quantum Mortgages was launched earlier this year and is headed by Axis Bank’s former head of buy-to-let lending Jason Neale.

The lender offers a range of products, including options for single unit, multi-units, specialist products, expat and foreign nationals, limited company specialist purpose vehicle, and green products.

It also launched a ‘green loan to value boost’ mortgage earlier this year.

Criteria Brain is a criteria sourcing system used by advisers and brokers to help source lenders for more complex borrowers particular needs and circumstances.

Other lenders it has recently added to its platform include Market Financial Solutions, Shawbrook Bank, CHL Mortgages and Generation Home.

Neil Wyatt (pictured), sales and marketing director at Mortgage Brain, said: “This is a major milestone for Criteria Brain, as we always strive to expand our platforms with a range of specialist lenders such as Quantum Mortgages.

“There have been several lenders go live on the platform in the past few months, with more still to come, which demonstrates the growing reputation of Criteria Brain.”

Spencer Gale, sales and marketing director at Quantum Mortgages, added: “We are delighted to go live on both Criteria Brain and Sourcing Brain. In this current climate, advisers have a really challenging job in trying to find the most suitable solution for their clients, given the number of changes that take place in the marketplace on a daily or weekly basis.

“Having access to these tools and being able to source across multiple lenders on Mortgage Brain and thousands of pieces of criteria in Criteria Brain, saves brokers and their clients invaluable time and we are keen to support this.”

Quantum Mortgages appoints Impact Specialist Finance to packager panel

Quantum Mortgages appoints Impact Specialist Finance to packager panel

According to its website, it now has eight packagers on its panel: Active Investments, Brightstar, Brilliant Solutions, Complete FS, Connect for Intermediaries, Master Private Finance, Positive Lending, and Impact Specialist Finance.

Impact’s brokers will be able to access Quantum Mortgages buy-to-let products, which includes ranges for single unit, multi-units, specialist products, expat and foreign nationals, limited company specialist purpose vehicle, and green products.

Impact will also provide a referral service, so brokers can pass customers over to them for more complex cases where specific permissions are needed.

Referrals are accepted for regulated and non-regulated cases for bridging, specialist lending, buy to let and commercial.

Dale Jannels (pictured), managing director at Impact Specialist Finance, said that he had known Spencer Gale, sales and marketing director at Quantum Mortgages, and Jason Neale, managing director of the firm, for many years.

Consequently, when they set up Quantum “it was only natural that we would be one of the first to sign a packaging agreement with them following their launch.”

“With tenant demand high in many areas, we are seeing record levels of buy-to-let business and so a new lender offering us and our brokers more options is very welcome and we look forward to working with Spencer and the team,” he added.

Gale said: “The Quantum Mortgages team has a long-established relationship with Impact and have always found them to be one of the highest quality distributors. Being the experts they are, they totally get our new proposition and will no doubt maximise the common-sense criteria for the benefit of their intermediaries.

“As a new lender, our packaging partners will be limited to only the best quality, most knowledgeable and customer-focused firms, so Impact were of course one of the first companies we wanted to work with.”

Quantum Mortgages launched earlier this year and is headed up by Neale, who was previously head of buy-to-let lending at Axis Bank, with its primary focus on professional landlords.

The lender also launched a green ‘LTV boost’ mortgage earlier this year.

Quantum Mortgages adds Brilliant Solutions to panel

Quantum Mortgages adds Brilliant Solutions to panel

The newly accessible range includes products for individuals and limited companies. The products also cover high rise, new builds, studio, ex-local authority and above or adjacent commercial units, multi-unit blocks, houses in multiple occupation, holiday and student lets and semi commercial properties.

Michael Craig, sales director at Brilliant Solutions’ sales director,  said that the addition of Quantum Mortgages to its fees-free packaging and mortgage club panel was “great news” for its intermediaries as it offered more options for professional landlords.

He added: “We are always looking to expand our panel to ensure we can offer the best array of products and Quantum’s specialist range certainly falls into that category.”

Spencer Gale, sales director at Quantum Mortgages, said: “We are delighted to join the Brilliant Solutions panel. It’s a business that has grown rapidly over the last few years that I have admired from a distance and now get to work with. I am confident that the breadth of products that we offer will be a valuable addition.”

Quantum Mortgages was launched earlier this year and is headed up by Jason Neale, who was previously head of buy-to-let lending at Axis Bank, and said it would initially focus on professional landlords.

The lender also launches a green ‘LTV boost’ mortgage earlier this year.

Quantum Mortgages releases green ‘LTV boost’ mortgage

Quantum Mortgages releases green ‘LTV boost’ mortgage

 

The lender, which will initially launch via a limited distribution of Legal and General Mortgage Club members, will focus this product on professional landlords who are seeking to upgrade their existing properties in preparation for potential changes to EPC rating requirements in 2025.   

It will offer a reduced completion fee and payrate for energy efficient single unit homes with an EPC rating of A or B. The lender will also exceed its loan to value (LTV) limit by an extra two per cent, bringing it to 82 per cent LTV.  

For properties where the EPC rating is not A or B, but property owners have stated a commitment to improve this, they will be able to borrow the additional two per cent for renovative costs.  

Quantum Mortgages is an intermediary only specialist lender and will initially focus on the needs of experienced landlords. 

It closed a seed funding round and secured an initial £1bn of mortgage funding with the backing of funds managed by CarVal Investors, a global alternative asset manager. 

Jason Neale, managing director at Quantum Mortgages (pictured), said: “The current range of green mortgages available from other lenders simply offer slightly reduced payrates for properties that are already energy efficient but offer no practical help to landlords wanting to improve the energy efficiency of their lower EPC rated properties. 

“Cost is obviously a considerable barrier to making homes more energy efficient, so we were keen to help landlords not only meet future EPC requirements but to better them.” 

He added: “By exceeding our standard loan to value limits in return for the landlord committing to upgrade the property to an energy efficient home, Quantum Mortgages can help fund the cost of works, removing the considerable capital barrier which can prevent landlords from upgrading homes.”