United Trust Bank (UTB) is now offering its range of second charge loans and first charge ‘Mini-mortgages’ to the Directly Authorised Broker market through a relationship with SimplyBiz Mortgages.
UTB’s mortgage products have, until now, only been available through a select number of master brokers.
Members of SimplyBiz Mortgages will have access to their Decision in Principal facility for both first and second charge mortgages before proceeding to the application requirements, with direct access to SimplyBiz Mortgages’ dedicated underwriting and business development teams through the entire process.
Buster Tolfree, UTB’s commercial director for mortgages, said: “UTB’s launch into the mortgage market has been extremely successful, largely thanks to the support of a handful of outstanding master brokers and the dedication of the UTB mortgage team. Now the time has come to develop our distribution to include a direct to broker offering and SimplyBiz were the obvious choice of partner.
“SimplyBiz Mortgages are the leading player in the Directly Authorised mortgage broker sector and their introducer centric proposition is an excellent fit with our commitment to developing and delivering great first and second charge products with an unbeatable level of service. This is an exciting next step for UTB’s mortgage division and we look forward to working closely with SimplyBiz Mortgages and its members to ensure it is a successful partnership for everyone.”
Martin Reynolds, CEO of SimplyBiz Mortgages, said: “This multi-product launch with UTB is an excellent opportunity for our members to expand their offering to clients.
“Their addition to our second charge panel now makes it a seven direct to lender offering which covers a large percentage of the market. Being one of the first distributors to offer the mini mortgage range is a testament to our objective of always searching out the next opportunity.”