BlueZest is now distributing its mortgages through the Connect for Intermediaries network and packager.
Connect is now one of the few distributors to be able to offer BlueZest mortgages for both its own ARs and DAs as well as ARs of some other networks.
BlueZest’s rates start from just 3.69% at 60% LTV, with rates between 5.25% and 5.35% at 85% for loans up to £500,000.
The range has no early repayment charges after the first year, even for the five year fixed rates. The mortgages are available for companies, individuals and first time landlords.
BlueZest is also offering a range of short term mortgages. These mortgages, aimed at both landlords and developers, are available for refurbishments, conversions and new builds. BlueZest will advance the funds upfront, secured on a non-development property already owned by a landlord or developer. These short-term mortgages are initially available for periods up to 18 months with rates between 8% and 12%, but, subject to affordability, the borrower can then move seamlessly onto a standard buy-to-let mortgage from BlueZest’s range.
Liz Syms (pictured), CEO for Connect for Intermediaries, said: “BlueZest has a truly innovative range of both long and short term mortgages, all developed around the landlord. Connect is really pleased to be one of the very few networks or packagers able to distribute these exciting new products.
“I am sure our ARs and the brokers that use our packaging services will equally welcome the opportunity to offer these products, enabling them to place more business and provide yet more solutions to their buy-to-let clients.”
Chris Slater, BlueZest’s chief executive, said: “We have begun our launch to market with a small number of very specialised networks and packagers. We wanted to introduce our innovative products through partners who intimately understand and specialise in the buy-to-let market, and Connect for Intermediaries fits that bill perfectly. So we look forward to a long, successful partnership.”
