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TODAY'S OTHER NEWS

The Mortgage Hut adds range of new distribution partners

The Mortgage Hut has added new partners including Century 21, Taylor Hill & Bond, Aspire Estate Agents, Property Bee, Home Agency and IFA and Grovesnor Birch to its network of distribution partners.

Launched six years ago, The Mortgage Hut works alongside estate agency businesses who aim to drive their financial services forward – this is done on a split of income basis.

Mortgages are available up to 95% LTV with two-year products starting at 1.03%, or five-year fixed with rates as low as 1.49%.

Chris Schutrups, group managing director of The Mortgage Hut, commented: “We are delighted to be working with new distribution partners for our range of mortgage products. We now have a panel of 90 lenders, having taken on eight new ones over the last 12 months.”

“We are seeing growing demand for a specialist mortgage, especially in the IT contracting and oil and gas markets. Over the last six months, demands have surged by 27% and we are looking to a busy Q3 and Q4.”

He added: “We are also expanding our mortgage advisers team with the appointment of four new advisers, bringing our team to around 50 people.”

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