SimplyBiz Mortgages, the third largest mortgage club in the UK, has partnered with the Financial Intermediary and Broker Association, to launch a brand-new Industry initiative. The SimplyBiz Mortgages ‘Specialist Property Finance Club’ offers advisers and brokers access to a full range of commercial lending products, including bridging loans, development finance, commercial mortgages and specialist buy to let, from a select number of FIBA partners.
The ‘Specialist Property Finance 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 twelve lenders from the FIBA partner panel, who have undertaken the relevant due-diligence process, and been selected to provide the full range of commercial property finance. The Club will be welcoming further lenders onboard over the next twelve months to expand the opportunities available, with further announcements to follow.
Martin Reynolds CEO of SimplyBiz Mortgages, commented:
“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.”
According to FIBA Executive Chairman, Adam Tyler, the interest in Specialist Property Finance has been one of the main drivers in the association’s membership doubling in 2020.
He said, “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”
Adam continued, “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”
Nick Jones, Commercial Director of Roma, added:
“I am absolutely delighted to be part of this innovative new initiative and proud that Roma is the first panel member. Specialist property finance is growing at a rapid pace and increasing the access to this market for SimplyBiz Mortgages and FIBA members will help them to expand their opportunity base while ensuring their customers receive the best possible outcomes. We are lending less ordinary and have a focus on communication so all partners will get the support they need.”