Financial outsourcer Target Group has won a contract with Yorkshire Building Society as it steps into the buy-to-let market.
The Yorkshire currently has an existing buy-to-let book through its merger with Chelsea Building Society and is taking its first steps into new lending in this area of the market.
The society’s measured entry into buy-to-let will be through its intermediary lending arm, Accord Mortgages, and has led to its first outsourcing partnership with Target Group.
Target will provide servicing support from mortgage origination through to account and arrears management, enabling the lender to focus on customer acquisition activities.
Jeremy Law, head of Buy-to-Let at Yorkshire, said: “Target have the sector expertise and knowledge to help the society to fulfil our growth plans in the buy–to-let market.”
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