Quantum Mortgages partnering with L&G Mortgage Club to launch its first product range into the market.
The lender, which will initially focus on professional landlords who are under served by high street lenders, will launch in March with a controlled distribution panel of L&G Mortgage Club members.
L&G members will have access to Quantum Mortgages’ full product range of single unit properties including Northern Ireland, high rise, new build, studio, and ex local authority flats, MUFBs, HMOs, holiday and student lets as well as semi commercial properties.
The lender will also offer solutions for complex limited company structures, expats and foreign nationals.
As well as being able to offer a greater choice of properties, L&G members will enjoy practical, manual underwriting with no automated credit scoring, coupled with access to expert Buy to Let underwriters who are able to assess individual landlord circumstances.
Danny Belton, Legal & General Mortgage Club head of lender relationships, said: “Having previously worked with the Quantum Mortgages management team during their time with previous lenders, they have a proven track record of delivering mortgage products that are flexible and valued by our club members.
“I have no doubt our key buy-to-let firms will find the Quantum Mortgages product range has plenty of new solutions for their professional landlord clients.”
Spencer Gale (pictured), sales director at Quantum Mortgages, added: “It’s an honour for us to launch with such a prestigious and well-respected partner as Legal & General Mortgage Club. The field team that has been put together have existing relationships with many of the member firms, so they were the obvious choice to launch with.
“We will work hard to ensure we are adding real value and provide genuine alternative solutions for the more complex buy-to-let circumstances.”