Mortgage club, SimplyBiz Mortgages, has teamed up with the Financial Intermediary and Broker Association (FIBA) to launch a new industry initiative.
The SimplyBiz Mortgages’ Specialist Property Finance Club offers advisers and brokers access to a range of commercial lending products, including bridging loans, development finance, commercial mortgages and specialist buy-to-let, from a selection of FIBA partners.
The club aims to enable easier access to specialist property finance products for both SimplyBiz Mortgages and FIBA members. It will offer the opportunity to benefit from exclusive arrangements and “enhanced” procuration fees, alongside exclusive access to some specialist lenders, and their products, that previously may have not been available to all brokers.
The launch will take place with 12 lenders from the FIBA partner panel in order to provide a full range of commercial property finance.
The club will be welcoming further lenders over the next 12 months.
Martin Reynolds CEO of SimplyBiz Mortgages, said: “As many firms have taken the opportunity to diversify over the past 12 momentous months, we are excited to bring a unique opportunity to market, through our relationship with sister association FIBA.
“SimplyBiz Mortgages members now having the ability to access to a number of lenders specialising in this highly defined lender area, who can offer a variety of solutions for their client requirements will add another strength to their proposition.
“Whilst some of the lenders who are part of the launch of the Club, will be familiar to our members, others could potentially be new and therefore offer new and innovative solutions for client requirements.”
Adam Tyler, FIBA’s executive chairman, added: “The demand across the SimplyBiz Mortgages membership for access to the lender partners at FIBA has meant that the creation of the Specialist Property Finance Club was important at a time when there has been such a growing interest in the sector.
“This new innovation from SimplyBiz Mortgages and FIBA has been embraced by the launch lenders, with the ability for a wider intermediary community to introduce new customers supported by specialists in the commercial sector.”