Connect for Intermediaries has added the Family Building Society to its packaging lender panel.
The Family Building Society offer a range of products including the Family Mortgage, which allows family members to combine their finances and housing equity to secure a 95% LTV mortgage and reduce payment costs without necessarily using a gifted cash deposit.
Its Retirement Lifestyle Booster Mortgage similarly gives homeowners over 60 who are not looking to downsize or a ‘traditional’ equity release option, a regular monthly sum for 10 years, even if they have a small mortgage outstanding.
“We are delighted to welcome the Family Building Society to our panel,” said Kevin Thomson, Connect for Intermediaries’ sales director. “Their product options help address a number of challenges that our Help Desk regularly face from brokers particularly in relation to first time buyers and clients looking to borrow into retirement.
“It also gives our specialist expat team another buy-to-let solution meaning we can now help brokers place even more enquiries by accessing the best mortgage solution from a panel of 35 expat lenders.
“The smaller societies have shown innovative solutions to the issues facing clients in today’s housing climate and the Family Building Society clearly demonstrates that with their product range and I am confident that their products will be warmly received by our broker community.”
Cammy Amaira, the Family Building Society’s head of intermediary sales, said: “Joining the Connect for Intermediaries panel is a great opportunity for the Family Building Society. Like us, they really know and understand the needs of the challenges faced by first time buyers and older borrowers – an underserved market that we have been helping for many years through our innovative product suite and philosophy of individual underwriting.”