Residential lender Secure Trust Bank has joined the panel of Connect for Intermediaries mortgage network and its packaging arm.
Brokers from the wider market, can use Connect’s packager arm. This will provide DA brokers with access to Secure Trust Bank’s competitive lending to borrowers with more unusual incomes.
Secure Trust Bank’s purchase and remortgage products currently have a maximum loan-to-value of 85% and a maximum loan size of £2m.
Liz Syms, chief executive of Connect for Intermediaries, said: “The addition of Secure Trust Bank to our panel means brokers that use Connect for Intermediaries will have access to a lender offering unique and affordable solutions both for self-employed clients and those with complex incomes.
“Connect constantly strives to find partnerships and solutions for brokers, enabling them to provide the best possible customer outcomes.”
Tony Hall, head of sales and marketing of Secure Trust, said. “Partnering with Connect for Intermediaries was a logical step for us at Secure Trust Bank Mortgages as their Broker community help clients from across the lending spectrum.
“We look forward to the new opportunities this partnership represents in our mission to provide residential mortgage products to customers who are underserved by the high street lenders.”
Secure Trust Bank provides accessible mortgages for the self-employed, contract workers, people with complex incomes, older borrowers, and those with a recently restored credit history, but it lends only through selected intermediaries.
With rates starting at 2.39%, financing is typically provided over a term of up to 35 years with fixed interest rate periods of two, three and five years.