Together has partnered with seven mortgage clubs to broaden distribution of its specialist lending products.
The clubs are Club Access, Legal & General, PMS Mortgage Club, Simply Biz, Paradigm, TMA Mortgage Club, Finova and Next Intelligence, providing access to 17,000 additional advisors.
Members of these clubs will now be able to submit their first charge and buy-to-let mortgage cases directly to the lender through its network and club portal and submit cases for additional specialist products including bridging, commercial term and second charge loans through the clubs’ packaging partners.
Together head of networks and clubs Nick Parker says: “We are delighted to be bringing on board these excellent partners, allowing us to reach more customers and introduce them to our expansive product portfolio across both commercial and personal finance.
“Demand for specialist lending is forecast to grow significantly in the near future as more and more people find themselves falling outside of standard lending criteria. The huge growth in numbers of self-employed, later life, complex income and shared ownership applicants is set to swell by 70% by 2029.
“Having built the proposition and portal, which has been extremely well received by the network partners that have joined us since September, I am excited to extend the proposition further to include club members.”