As part of the agreement, Legal & General Mortgage Club members will have exclusive access to two mortgage products from Dudley Building Society.
In the first half of 2021 the Society’s mortgage book grew by £2.4bn whilst its buy-to-let lending was up £0.9bn.
If London’s poor performance continues rentals in the capital could match the rest of the UK by 2036.
Paradigm member firms will now have access to HTB’s range of specialist funding solutions including complex specialist buy-to-let and residential bridging.
Just under 39% of landlords have seen increased tenant demand over the past three months.
The new BDM will support brokers in the AL (St Albans), E (East London), EN (Enfield), HP (Hemel Hempstead), IG (Ilford), LU (Luton), N (North London), NW (North West London), RM (Romford) and WD (Watford) postcode areas.
The NACFB currently has over 1,900 commercial finance broker members covering the whole of the UK.
Changes to tax relief and a 3% increase to the rate of stamp duty on buy-to-let purchases was predicted to cause a mass exodus of landlords but research found that just 10% have sold part of their portfolio in the last five years.
This is the first acquisition for Starling Bank which will become the sole funder for Fleet Mortgages.
The Pepper 60 range, now includes 75% and 80% LTV offerings, with a 5-year fixed rate starting 3.23%.