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SimplyBiz Mortgages added to West One panel

It has been confirmed that mortgage club SimplyBiz Mortgages has joined the residential panel for the lender West One Loans, which means that directly authorised advisors can access the latter’s products.

This will apply to any advisors using SimplyBiz Mortgages to write cases for their clients; they will be allowed to access all of the specialist residential slate offered by West One Loans. The lender has targeted its range of residential products at older people, the self-employed and people with credit issues who are not being serviced by the major providers.

Advisors will also be able to get access to the first-charge products provided by West One Loans, via distributors connected to SimplyBiz Mortgages, such as Impact, Crystal Specialist Finance and Brightstar.

West One Loans residential mortgages managing director Marie Grundy told Financial Reporter that SimplyBiz has a very good reputation within the industry and that the lender was delighted to add the club to its panel.

She then added:

“We believe demand for specialist lending will soar over the coming years. And, with this new partnership in place, we will be able to reach more of the millions of borrowers out there who need finance but who fall foul of mainstream criteria.”

Grundy concluded by saying that West One was committed to supporting those who feel excluded from the main mortgage market.

Most advisors who have done CeMAP courses will be aware of growing numbers of people who need specialist loans and this link-up will help them.

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