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SimplyBiz Mortgages adds Hanley Economic BS to lending panel

Hanley Economic Building Society has become the latest addition to the lending panel of SimplyBiz Mortgages – expanding its presence within the intermediary mortgage market.

The panel addition of Hanley – which has grown its volume of intermediary business over the past few years – will offer SimplyBiz advisers access to the society’s range of residential, buy-to-let, self-build and retirement interest only (RIO) mortgages.

For SimplyBiz advisers placing business through Hanley, each case will be looked at on an individual basis by the in-house underwriting team and help will be provided by an intermediary-focused support team, from application to completion.

SimplyBiz Mortgages’ ‘whole of market’ lending panel offers access to a wide range of products and, in addition to traditional lending, has strong relationships with specialist mortgage distributors, giving users the ability to access products which offer solutions for complex client requirements.

Sue Pedley, business development manager at Hanley Economic Building Society, comments: “SimplyBiz is one of the largest and most innovative mortgage clubs in the UK. This is a partnership which makes sense for both parties and allows us to further extend our growing intermediary proposition is an exciting but controlled manner.”

With this addition, Pedley says the society can continue to develop its own product range, evaluate internal/external systems and better manage its criteria in line with the growing demands of SimplyBiz advisers.

She says: “This is a natural step in the right direction, and we plan to build a long-standing relationship to ensure we are the ‘first alternative’ for SimplyBiz members.”

Martin Reynolds, chief executive officer of SimplyBiz Mortgages, adds: “I am delighted to welcome Hanley Economic to the SimplyBiz Mortgages panel. The flexible way in which it works, and its approach to considering the individual circumstances of clients when making important decisions about lending, makes it a good fit for the way in which our members operate.”

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