UTB has chosen Connect for Intermediaries to help it expand its distribution across its specialist mortgage and bridging lines. UTB will lend against many property types and will accept employed, self-employed and pension income.
The programme is supported by Goldman Sachs Private Capital and was originally launched in January 2017 to fund the origination of residential and commercial bridging loans.
Around 30% of consumers miss out on cheaper mortgages that are just as suitable, costing them an estimated £550 a year.
Nationwide Intermediary Solutions scooped Lender of The Year, Carrington took home Overall Broker of the Year and Aldermore won Specialist Lender of The Year.
The company’s average loan size is £380,000 and it advises first-time buyers, remortgages, buy-to-let, bridging, commercial, overseas mortgages, while it is working with an international private finance company.
The merger will unite specialist mortgage brands Precise Mortgages and Kent Reliance, part of One Savings Bank, as they will both report to Alan Cleary, managing director of Precise Mortgages.
Hall was previously head of sales at conveyancing rival GWlegal.
Andy Golding is set to become CEO of the combined group.