The agreement gives members of The Right Mortgage & Protection Network access to Brightstar’s expertise and distribution of specialist residential, buy-to-let and second charge mortgages, short-term, commercial and development finance.
The product allows them to undertake refurbishment or carry out minor development before switching to one of LendInvest’s buy-to-let mortgages.
The specialist lender, which was founded 44 years ago, has removed exit fees for unregulated bridging loans over £50,000, while making its lowest ever rate of 0.49% available over 12 months at 50% loan-to-value.
Peer-to-peer lender Assetz Capital has agreed a deal with Connect for Intermediaries to be the first network that it distributes its products.
Shawbrook has appointed Amanda Meadows and Shrena Patel as business development managers for its commercial mortgages sale team.
He has launched the firm alongside Matt Davies, who launched Empire Commercial Finance based in Chester in 2014.
Bennett was managing director of the bank’s commercial property arm and has been an integral part of Shawbrook – for many years in a number of senior management positions before becoming managing director of the commercial property business
Brightstar Financial is inviting brokers to clear their desks of problem cases this Friday, with the launch of its first Clear Your Desks Friday online webinar.
The lender increased pre-tax profit by 29.2% to £121.7m, up from £94.1m in the first half of last year.
Connect for Intermediaries has appointed Gareth Norman as commercial lending specialist who will be offering classes to brokers from Connect’s offices in Essex, on the ins and outs of commercial lending.