Mortgage club targets increase in buy-to-let

Wednesday 18th July 2012

Connect Mortgage Club is targeting the buy-to-let market for its introducers with a range of exclusive mortgage products plus marketing and support services intended to help brokers write more business.
 
Kevin Ward, head of operations, said: “We believe that buy-to-let is an area of the housing mortgage market that will continue to stay on-trend.

“So far this year, confidence levels have remained high among lenders, advisers and landlords, and with activity still booming within the private rental sector, there’s little doubt the trend has yet to reach its peak.

“Therefore to help our brokers, we are offering by far the most comprehensive package of BTL products and services available to the broking community.”

Separately, White Knights Finance, based in Brighton, has promised to inject ‘a breath of fresh air’ into the buy-to-let mortgage sector.

The company, which labels itself ‘your premier UK property investor lender’, will work with selected developers offering what it calls quality, affordable properties which can often be sold at less than market value.

Colin Warburton, director of White Knights Finance, said: “Traditionally, buy-to-let lenders focus all their attention on the borrower, with a basic survey on the suitability of the property. 

“After months of research, we understand that this is actually a risky way to lend, and as a result of this, we shall focus our attention on the property.

“This will be an entirely new concept in the buy-to-let market, allowing many people whose pensions and savings are taking a nose dive, and unable to obtain a buy-to-let property for many reasons, a much better chance of investing for their futures.”

The website promises to announce some terrific rates.