Fleet adds Intrinsic to panel

Sarah Davidson

April 14, 2015

Intrinsic’s advisers, including its appointed representative firms and positive solutions partners, will gain access to Fleet’s full buy-to-let range of mainstream, HMO and limited company products.

Bob Young, chief executive officer of Fleet Mortgages, said: “With the continued expansion of our distribution panel, particularly with large operators like Intrinsic, we are moving towards all intermediaries having access to the Fleet Mortgages’ product range.

“The spring is traditionally a strong period for the buy-to-let market and there is nothing to suggest that 2015 will be any different.”

“The demand for buying and refinancing investment property is clearly there from landlords and investors, and our lending run-rate has certainly outperformed our initial expectations.”

Fleet’s panel now comprises of 11 firms, while the lender is looking to add more in the next quarter.

Intrinsic, which is part of Old Mutual Wealth having been acquired in July 2014, is used by over 3,000 financial advisers.

Emma Hollingworth, mortgage sales director at Intrinsic Network, said: “Intrinsic is committed to providing our advisers with access to the leading lenders and products from within the industry and this agreement with Fleet Mortgages means they will now be able to benefit from a great range of buy-to-let products and provide their clients with even more choice.

“We believe the buy-to-let market will grow in 2015 and it is great that new entrants such as Fleet Mortgages are continuing to innovate in this sector.”

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