The Buy to Let Business Mortgage Club rebrands
Ying Tan, managing director, who chose to rename the business, said: “The success of the club has really surpassed all of our expectations. When we launched we knew we could offer something different to brokers but I don’t think any of us expected it to grow so big so fast.
“We have increased headcount and are expanding our Buy to Let Desk and we are targeting just three more lenders to complete our lender panel.”
In January Precise became the 25th lender to join the club’s panel.
Tan says the club has big plans for 2014, including doubling its broker membership from 600 to 1200 and increasing turnover by 150%.
The club has secured a number of buy-to-let exclusives, including a 75% loan to value fixed rate until June 2016 with Santander at 3.19% with a £1495 fee, free valuation and £250 cash back, available from March 6.
Another product is a 75% fix rate until 31 May 2019 at 3.75% with Hinckley and Rugby, with a flat fee of £3750 and a free valuation.
Over the next 12 months Buy to Let Club will be holding buy-to-let workshops and road shows up and down the country, with a focus on niche and specialist products.
Tan added: “This is going to be a very exciting year for Buy to Let Club and indeed the buy-to-let market in general and we are all very excited to get the show on the road!”