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Fleet Mortgages links up with Personal Touch

Ryan Bembridge

January 21, 2016

Fleet Mortgages has linked up with adviser network Personal Touch Financial Services so its appointed representative have access to its product range.

Fleet’s proposition primarily focuses on experienced landlords and property investors.

Personal Touch provides business, technical and regulatory support to its community of members including its own client management software, Toolbox.

Bob Young, chief executive of Fleet Mortgages, said: “As we progress into our second year of full trading, it’s important that we continue to develop and expand our distributor panel, broadening the accessibility of our product offering to the wider advisory community.

“We are very pleased therefore to be able to announce that Personal Touch Financial Services’ advisers now have full access to our product range. Personal Touch has been one of the leading players in the network space for many years and has a reputation for quality which clearly chimes with the Fleet Mortgages’ proposition. Everyone at Fleet Mortgages is looking forward to developing this relationship with Personal Touch and its AR firms.”

Vikki Jefferies, mortgage proposition manager at Personal Touch Financial Services, said: “As the buy-to-let market continues to undergo significant change, the need to strengthen our proposition is critical for our advisers and their customers.

“Fleet Mortgages offer a diverse range of options for all types of landlords with competitive rates to match. I am delighted to have Fleet Mortgages join our panel, and look forward to working with them this year.”

Fleet’s latest product range includes 2-year fixes at 2.89% to 65% loan-to-value with a £500 fee, 2.99% to 75% LTV with a 1% fee and a 2.47% 2-year tracker at 65% LTV with a 1% fee.

It also offers a 4.17% lifetime tracker to 75% LTV for limited company borrowers with a 1.5% fee and a 2-year fix to 75% LTV for HMO purchasers/remortgages with a 2% fee.

Young added: “2016 is a hugely significant year for the buy-to-let market, not only in this first quarter as we lead up to the stamp duty increases, but also in terms of how the sector adapts to the other changes such as the cuts to mortgage interest tax relief which will be introduced from 2017.

“We fully expect this to mean that landlords will make greater use of limited company vehicles and there will be an overall move towards semi-professional and professional status. Our anticipation from our customers and advisory partners is that demand for buy-to-let property and refinance will remain strong.

“The Fleet Mortgages’ product range and service proposition has been designed to cater for these types of borrowers and we therefore believe 2016 will continue to be a strong year for lending activity.”


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