Specialist Hub granted packager status at Fleet Mortgages
Specialist Hub, the specialist finance broker, has today announced it has been appointed to the packager panel of buy-to-let specialist lender, Fleet Mortgages.
Specialist Hub’s lending portfolio includes commercial and semi-commercial, regulated and unregulated bridging, specialist buy-to-let, invoice and stock finance, and residential first and second secured loans.
The company has over 38 years’ experience in the specialist finance market, providing specialist financial products for mortgage advisers, independent financial advisers, and other industry professionals.
As a result of this new agreement, Specialist Hub will now be able to package cases for Fleet Mortgages which offers buy-to-let mortgages across three core ranges – standard, limited company/LLP and HMOs/multi-unit blocks.
Fleet recently announced a relaunch of its entire product range – offering mortgages up to 80% LTV – and has a number of criteria USPs including 125% ICR across all their products regardless of the client’s present and future tax position. It also does not require stress testing, AST’s or bank statements on the background buy-to-let portfolio, and there’s no limit on the number of buy-to-let properties the client needs to own.
Tony Sutton, managing director of Specialist Hub, said: “We are delighted to have been granted packager status with Fleet Mortgages and look forward to a productive and rewarding relationship working together with them in the future. Fleet has some great USP’s, and its new funding arrangements will only further enhance their position in the market.”
Steve Cox, chief commercial officer at Fleet Mortgages, commented: “These are exciting times for Fleet and it’s important we work with quality businesses who understand our proposition and can package cases to the very highest standards. Hence our decision to add Specialist Hub to our packager panel.
“Landlord activity remains strong in the market and advisers are likely to be seeing a growing number of clients seeking both purchase and remortgage finance. Fleet is totally committed to the buy-to-let space and with the recent relaunch of our new full product range, and our criteria, we believe we have an offering and service levels which will appeal right across the board.”